Parsley v. Rushmore Loan Management Services LLC

CourtDistrict Court, S.D. West Virginia
DecidedFebruary 24, 2025
Docket3:23-cv-00525
StatusUnknown

This text of Parsley v. Rushmore Loan Management Services LLC (Parsley v. Rushmore Loan Management Services LLC) is published on Counsel Stack Legal Research, covering District Court, S.D. West Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Parsley v. Rushmore Loan Management Services LLC, (S.D.W. Va. 2025).

Opinion

IN THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF WEST VIRGINIA

HUNTINGTON DIVISION

BRITNEY PARSLEY,

Plaintiff,

v. CIVIL ACTION NO. 3:23-0525

RUSHMORE LOAN MANAGEMENT SERVICES LLC,

Defendant, and

SN SERVICING CORPORATION and U.S. BANK TRUST NATIONAL ASSOCIATION AS TRUSTEE OF THE IGLOO SERIES IV TRUST,

Rule 19 Parties.

MEMORANDUM OPINION & ORDER Before the Court is Defendant Rushmore Loan Management Services LLC’s Motion for Summary Judgment (Def.’s Mot.), ECF 38. SN Servicing Corporation and U.S. Bank Trust National Association as Trustee of the Igloo Series IV Trust join the motion. Def.’s Mot. at 1 n.1. Upon review, the Court GRANTS IN PART and DENIES IN PART the Motion.1

1 The Court heard oral argument and considered Defendant Rushmore Loan Management Services LLC’s Memorandum in Support of its Motion for Summary Judgment (“Def.’s Mem.”), ECF No. 39; Plaintiff's Memorandum of Law in Opposition to Defendants’ Motion for Summary Judgment (“Pl.’s Resp.”), ECF No. 46; and Defendant Rushmore Loan Management Services LLC's Reply Memorandum in Support of its Motion for Summary Judgment (“Def.’s Reply”), ECF No. 49. BACKGROUND Plaintiff Britney Parsley moved back into her childhood home in 2016. Def.’s Mem., Ex. J (“Parsley Dep.”) at 17. Her parents, Maria and Ralph Muncy, moved to Kentucky. Id. The Muncys “gave her the house and just told [her] to pay the payments” until it was paid off. Id. at

40:22-24. Parsley claims she did so successfully until August 2018, when Rushmore took over as the servicer for the loan. Id. at 88; Def.’s Mem., Ex. K (“Trueba Dep.”) at 15. The parties agree that the loan went into default in late 2018. See Def.’s Mem. at 2; Pl.’s Resp. at 2. At this time, there was a dispute over whether Rushmore erroneously failed to credit payments made on the loan. See Pl.’s Resp., Exs. 1, 2; Parsley Dep. at 86-87. In February 2019, Rushmore began to refuse payments. See Pl.’s Resp., Exs. 2, 3; Parsley Dep. at 86. Parsley testified that she and her mother “kept trying to pay and kept trying to talk to [Rushmore]” until they received a letter referencing foreclosure. Parsley Dep. at 86:10-23. On July 19, 2019, Rushmore sent a letter to the Muncys indicating that foreclosure was imminent. Pl.’s Resp., Ex. 4. Four days later, the Muncys deeded the property to Parsley. Def.’s

Mem., Ex. E. The deed lists the market value of the property as $38,760. Id. Parsley testified she believes the property is worth less than that amount now. Parsley Dep. at 93. The day after her parents deeded her the property, Parsley filed for bankruptcy in an attempt “to save the home.” Parsley Dep. at 89:6; see also Def.’s Mem., Ex. A 3. In the bankruptcy proceeding, Rushmore argued that the property transfer from the Muncys t¶o Parsley triggered a “due on transfer” clause and therefore Rushmore could accelerate the debt regardless of whether payments were current. Def.’s Mem., Ex. A 12-15. The bankrupt¶c¶y court lifted the automatic stay on July 20, 2020. Def.’s Mem., Ex. A. Rushmore continued to reject payments and return checks to the Muncys. See Pl.’s Resp., Exs. 5, 6 (returning payments in October 2020 and February 2021).2 In October 2020, Parsley sent Rushmore copies of the deed and her driver’s license and requested Rushmore confirm her as successor in interest and allow her to assume and modify the mortgage loan. Pl.’s Resp., Ex. 7. Rushmore sent its response to the Muncys at their Kentucky address “in reference to [their] written

inquiry received on October 19, 2020.” Pl.’s Resp., Ex. 9. The response stated that Rushmore added Parsley as an authorized third party. Id. It did not acknowledge Parsley’s request to be confirmed as a successor in interest. Id. In February 2021, Parsley filled out a Borrower Assistance Application to assume and modify the mortgage loan. Pl.’s Resp., Ex. 10. In April 2021, Rushmore sent its response to the Muncys in Kentucky. Pl.’s Resp., Ex. 11. The letter stated the application was “incomplete” because it failed to include information from “all parties obligated on the loan.” Id. At this point, the Muncys did not live on the property, did not hold title to the property, did not have any personal obligation to pay the debt secured by the property, and did not intend to make the payments. See Parsley Dep. at 18-19, 40; Def.’s Mem., Exs. E, A 7. In 2003, the Muncys signed a deed of trust

and note to obtain a loan secured by the property¶. See Def.’s Mem., Exs. C, D. In 2005, they

2 Rushmore sent form letters to the Muncys indicating that Parsley’s payments were rejected: We are returning your payment . . . for the following reason(s): __ Signature is missing – Please sign and return the check. __ Payee on the check is incorrect – Please make your check payable to Rushmore Loan Management Services and return the check to P.O. Box 52708, Irvine, Ca 92619-2708. __ Legal amount on check does not match the numerical amount. __ Payment is short or not enough to pay the total amount due. __ Loan Matured __ Other: ____________________ ___ See Pl.’s Resp., Exs. 3, 5, 6 (letters sent in March 2019, October 2020, and February 2021). Rushmore did not add a mark before any of these options or otherwise indicate a reason for the returned payments. Id. Rushmore’s counsel said it was unclear to him why Parsley’s payments were not credited. discharged any personal obligation on the loan through bankruptcy but opted to continue making payments. See Def.’s Mem., Ex. A 7; see also Trueba Dep. at 72. Rushmore continued to send¶ letters to the Muncys in Kentucky inviting them to reapply for loss mitigation. Pl.’s Resp., Exs. 13, 14 (letters dated July 5, 2022 and December 27, 2022). In

2022, a payoff statement indicated the total amount due on the loan was $118,063.60. Pl.’s Resp., Ex. 16. Parsley testified that she has “begged” Rushmore to take payments, but Rushmore has only accepted two payments on the loan since she filed for bankruptcy in 2019. Parsley Dep. at 79:1-4. Instead, Rushmore pursued foreclosure. See Def.’s Mem., Ex. H. In August 2023, Rushmore transferred servicing of the loan to SN Servicing Corporation. See Trueba Dep. at 15. LEGAL STANDARD To obtain summary judgment, the moving party must show “there is no genuine dispute as to any material fact and the movant is entitled to judgment as a matter of law.” Variety Stores, Inc. v. Wal-Mart Stores, Inc., 888 F.3d 651, 659 (4th Cir. 2018) (quoting Fed. R. Civ. P. 56(a)). A fact is “material” if it “might affect the outcome of the suit under the governing law.” Anderson v.

Liberty Lobby, Inc., 477 U.S. 242, 248 (1986). A dispute is “genuine” if a “reasonable jury could return a verdict for the nonmoving party.” Id. at 248. The Court does not resolve disputed facts, weigh the evidence, or make determinations of credibility. See Russell v. Microdyne Corp., 65 F.3d 1229, 1239 (4th Cir. 1995); Sosebee v. Murphy, 797 F.2d 179, 182 (4th Cir. 1986). “Even if there is no dispute as to the evidentiary facts, summary judgment is also not appropriate where the ultimate factual conclusions to be drawn are in dispute.” N. Am. Precast, Inc. v. Gen. Cas. Co. of Wis., No. CIV.A. 2:04-1306, 2008 WL 906334, at *3 (S.D.W. Va. Mar. 31, 2008) (citing Overstreet v. Kentucky Cent. Life Ins. Co., 950 F.2d 931, 937 (4th Cir.1991)).

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