PHH Mortgage Corporation v. Kim Aquilo; New York State Department of Taxation and Finance; Capital One, N.A.; “John Doe #1” through “John Doe #12”

CourtDistrict Court, N.D. New York
DecidedMay 4, 2026
Docket1:25-cv-01182
StatusUnknown

This text of PHH Mortgage Corporation v. Kim Aquilo; New York State Department of Taxation and Finance; Capital One, N.A.; “John Doe #1” through “John Doe #12” (PHH Mortgage Corporation v. Kim Aquilo; New York State Department of Taxation and Finance; Capital One, N.A.; “John Doe #1” through “John Doe #12”) is published on Counsel Stack Legal Research, covering District Court, N.D. New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
PHH Mortgage Corporation v. Kim Aquilo; New York State Department of Taxation and Finance; Capital One, N.A.; “John Doe #1” through “John Doe #12”, (N.D.N.Y. 2026).

Opinion

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF NEW YORK

PHH MORTGAGE CORPORATION,

Plaintiff, 1:25-CV-1182 (ECC/DJS) v.

KIM AQUILO; NEW YORK STATE DEPARTMENT OF TAXATION AND FINANCE; CAPITAL ONE, N.A.;

“JOHN DOE #1” through “JOHN DOE #12,” the last twelve names being fictitious and unknown to plaintiffs, the persons or parties intended being the tenants, occupants, persons or corporations, if any, having or claiming an interest in or lien upon the premises, described in the complaint,

Defendants.

Eric Sheidlower, Esq., for Plaintiff Hon. Elizabeth C. Coombe, United States District Judge: MEMORANDUM-DECISION AND ORDER Plaintiff PHH Mortgage Corporation (Plaintiff) brings this foreclosure action against Defendants Kim Aquilo (Aquilo), New York State Department of Taxation and Finance (DTF), Capital One, N.A. (Capital One), and “John Doe #1” through “John Doe #12, pursuant to New York’s Real Property Actions and Proceeding Law (RPAPL), Article 13. See Compl. ¶ 1, Dkt. No. 1. Plaintiff seeks damages, attorneys’ fees and costs, and a judgment of foreclosure and sale. Id. at Wherefore Clause; [Proposed] Judgment of Foreclosure and Sale, Dkt. No. 21-1; see generally Plaintiff’s Memorandum in Support of Motion for Default Judgment, Dkt. No. 21-3. Upon Plaintiff’s application and considering Defendants’ failure to appear in or otherwise defend this action, the Clerk of the Court noted the default of the Defendants on December 16, 2025. See Dkt. No. 14. Currently pending before this Court is Plaintiff’s motion for default judgment. See Dkt. No. 21. For the reasons set forth below, this Court grants Plaintiff’s motion in part and denies it

in part. I. FACTS1 Plaintiff brought this diversity action to foreclose on a mortgage encumbering 3442 Gari Lane, Guilderland, New York, 12303 in Albany County (the Subject Property). See Compl. ¶ 1. Plaintiff is a New Jersey corporation with its principal office located in Mount Laurel, New Jersey. See id. ¶ 2; see also Dkt. No. 21-2 ¶ 12. On January 26, 2005, Aquilo executed and delivered a promissory note in the principal amount of $475,000.00 (the Note), secured by a mortgage on the Subject Property (the Mortgage), to Argent Mortgage Company, LLC. See Compl. ¶ 10; Note, Dkt. No. 1-3; Mortgage, Dkt. No. 1- 4. On February 28, 2005, the Mortgage was duly recorded with the Albany County Clerk in Liber 4918 at Page 266. See id. Thereafter, on July 17, 2009, the Mortgage was assigned from Argent

Mortgage Company, LLC to Deutsche Bank National Trust Company, as Trustee for the registered holders of GSAMP Trust 2006-SD1, Mortgage Pass-Through Certificate, Series 2006-SD1, by Assignment of Mortgage recorded September 23, 2009, in Liber 5932 at Page 629. See Compl. ¶ 10; Dkt. No. 1-5. The Mortgage was subsequently assigned to PHH Mortgage Corporation, by Assignment of Mortgage recorded August 8, 2025 in Instrument Number R2025-14139. See id.

1 The following facts are drawn from Plaintiff’s complaint, supporting affidavit, and accompanying exhibits, and are accepted as true for the purposes of this motion. The Note was transferred via allonge between the same parties. See Compl. ¶ 10; Dkt. No. 1-3 at 5. Under the Mortgage and Note, Aquilo was obligated to make principal and interest payments totaling $3,482.08, plus taxes and insurance, starting on March 1, 2005. See Note ¶ 3.

Under the Mortgage, if Aquilo failed to make a payment on the date a monthly payment was due, Aquilo would be in default. See Note ¶ 7(a). If Aquilo defaulted, the Note holder could exercise the right to force immediate payment of the full amount of the remaining principal, all accrued interest, and reasonable attorneys’ fees and costs incurred. Id. ¶¶ 7(c), (e). Plaintiff alleges that Aquilo defaulted under the Mortgage by failing to make the required monthly payments since January 1, 2025, leaving an outstanding principal balance of $392,421.79 ($301,791.79 in unpaid principal and $90,630.00 in deferred principal). See Compl. ¶¶ 20, 26(a); Decl. of Eric Sheidlower, Esq. (Sheidlower Decl.) ¶ 22, Dkt. No. 21-2. On February 11, 2025, Plaintiff mailed a 90-day Notice pursuant to RPAPL §1304 to Aquilo via First-Class Mail and Certified Mail, and filed the 90-day Notice with the New York State Department of Financial

Services in accordance with RPAPL § 1306(2). See Compl. ¶ 23; see also Dkt. No. 1-7. On August 29, 2025, Plaintiff commenced this action alleging, inter alia, that Aquilo had failed to make payments in accordance with the terms of the Mortgage and Note since January 1, 2025. See Compl. ¶¶ 20, 26(a). Plaintiff also named the DTF and Capital One as defendants (nominal defendants), alleging that they hold liens on the Subject Property that are subordinate to Plaintiff’s Mortgage. See id. ¶¶ 4, 5. Aquilo was served with the summons and complaint on September 10, 2025, and the nominal defendants were served on September 9, 2025 and September 11, 2025. See Dkt. Nos. 6, 7, 8. On December 16, 2025, the Clerk of the Court entered a Certificate of Default against defendants after they failed to respond to the complaint. See Dkt. No. 14. On February 19, 2026, Plaintiff filed the motion for default currently pending before the Court. See Dkt. No. 21. In this motion, Plaintiff seeks to recover: (1) $392,421.79 in outstanding

principal; (2) interest from December 1, 2024 through November 24, 2025 in the amount of $11,589.82, and at a continuing rate of 3.92% per annum until the entry of judgment; (3) late charges in the amount of $100.00; (4) escrow advances (including taxes, insurance, and a prior servicer escrow balance) in the amount of $14,843.07; (5) property inspections in the amount of $150.00; (6) property valuation fees in the amount of $85.00; (7) title search expenses in the amount of $417.50; (9) costs and disbursements in the amount of $875.00; (9) and attorneys’ fees in the amount of $6,800.00. See Dkt. Nos. 21-4, 21-5 at ¶ 22, 21-18, 21-20. Plaintiff further requests the appointment of a Referee to effectuate the sale and disburse the funds from such sale. See Dkt. Nos. 21-1, 21-3. In support of the motion, Plaintiff submitted a declaration, affirmation, and a variety of exhibits2, including payment and billing records. Any responses to the motion

were due by March 12, 2026. None were filed. II. DISCUSSION A. Standing Since Plaintiff is not an original party to the Note, this Court will first address Plaintiff’s standing to bring this foreclosure action. See Cent. States Se. & Sw. Areas Health & Welfare Fund v. Merck-Medco Managed Care, 433 F.3d 181, 198 (2d Cir. 2005) (“Because the standing issue

2 The Court notes that several exhibits directed the Court to cross-reference previously filed exhibits, many of which appeared on the docket as cross-references to exhibits filed even earlier. In the future, the Court expects counsel to re-file these documents each time they are filed as exhibits. goes to this Court’s subject matter jurisdiction, it can be raised sua sponte.”). “Under New York law, ‘[a] plaintiff establishes its standing in a mortgage foreclosure action by demonstrating that, when the action was commenced, it was either the holder or assignee of the underlying note.’” E. Sav. Bank, FSB v. Thompson, 631 Fed. Appx. 13, 15 (2d Cir. 2015) (quoting Wells Fargo Bank,

N.A. v. Rooney, 19 N.Y.S.3d 543, 544 (2d Dep’t 2015)). “[E]ither a written assignment of the underlying note or the physical delivery of the note prior to the commencement of the foreclosure action is sufficient to transfer the obligation, and the mortgage passes with the debt as an inseparable incident.” Id. (quoting U.S. Bank, N.A. v. Collymore, 890 N.Y.S.2d 578, 580 (2d Dep’t 2009)).

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PHH Mortgage Corporation v. Kim Aquilo; New York State Department of Taxation and Finance; Capital One, N.A.; “John Doe #1” through “John Doe #12”, Counsel Stack Legal Research, https://law.counselstack.com/opinion/phh-mortgage-corporation-v-kim-aquilo-new-york-state-department-of-nynd-2026.