Red Rock Properties 2005, LTD v. Chase Home Finance, LLC

CourtCourt of Appeals of Texas
DecidedJune 25, 2009
Docket14-08-00352-CV
StatusPublished

This text of Red Rock Properties 2005, LTD v. Chase Home Finance, LLC (Red Rock Properties 2005, LTD v. Chase Home Finance, LLC) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Red Rock Properties 2005, LTD v. Chase Home Finance, LLC, (Tex. Ct. App. 2009).

Opinion

Affirmed and Memorandum Opinion filed June 25, 2009

Affirmed and Memorandum Opinion filed June 25, 2009.

In The

Fourteenth Court of Appeals

____________

NO. 14-08-00352-CV

RED ROCK PROPERTIES 2005, LTD., Appellant

V.

CHASE HOME FINANCE, L.L.C., Appellee

On Appeal from the 189th District Court

Harris County, Texas

Trial Court Cause No. 2006-80850

M E M O R A N D U M   O P I N I O N

This case involves the priority of competing liens on real property.  Appellant, Red Rock Properties 2005, Ltd. (ARed Rock@), appeals the trial court=s denial of its motion for summary judgment and the granting of two motions for summary judgment filed by appellee, Chase Home Finance, L.L.C. (AChase@), that declared Chase=s lien superior to any lien retained by Red Rock.  In three issues, Red Rock contends that the trial court erred based on Red Rock=s superior lien, in (1) denying its motion for summary judgment and granting Chase=s motions and (2) awarding attorney=s fees to Chase.  We affirm.


BACKGROUND

The real property in dispute is a condominium that is a part of the Holly Hall Townhomes complex, developed in a 1980s construction project.  On March 15, 1984, a condominium declaration (Athe Declaration@) for the Holly Hall construction project was recorded in Harris County.  The Declaration created a homeowner=s association and authorized the association to assess and collect monthly maintenance fees from each condominium owner.  On July 11, 1984, Shealulu Liu purchased the condominium subject of this suit (Athe Property@).  As part of the purchase, Liu executed a promissory note in the amount of $72,150.00 payable to Holland Mortgage and Investment Corporation (AHolland mortgage note@).  The Holland mortgage note was secured by a deed of trust on the Property.

On October 18, 2002, Liu and her husband, Richard Barbour (collectively Athe Barbours@), refinanced the Holland mortgage note and executed a second promissory note in the sum of $107,200.00 payable to Community Home Loan, L.L.C.  (ARefinanced note@).  The lien securing the Holland mortgage note was released and the Refinanced note was secured by a deed of trust on the Property, recorded on October 23, 2002 in Harris County.  The Refinanced note was disbursed as follows: (1) $53,595.08 to Community Home Loan, L.L.C., (2) $49,016.62 to the Barbours, and (3) $5,166.76 for closing costs associated with refinancing the mortgage.  Thereafter, the Refinanced note was assigned to Chase Manhattan Corporation.  Chase Manhattan Corporation merged with Chase, appellee in this appeal.  As the successor to Chase Manhattan Mortgage Corporation, Chase is the owner and holder of the Refinanced note.

In or around November 2004, the Barbours failed to timely pay the monthly homeowner=s dues and defaulted on their assessments.  After posting the Property for a non-judicial foreclosure, the association=s trustee sold the Property at a foreclosure sale to Red Rock and Glenn Sohl on December 6, 2005, for $35,000.00.  Sohl subsequently conveyed his interest in the Property to Red Rock.


Because the Barbours= delinquent assessments totaled $2,510.00, the sale resulted in excess proceeds in the amount of $32,490.00.  The association=s trustee filed an interpleader action and interpleaded the excess proceeds with the court=s registry.  The Barbours, Red Rock, and Sohl were parties to the interpleader suit.  On January 16, 2007, an amended judgment in the interpleader action was signed, directing that the excess proceeds be distributed as follows: (1) $2,959.00 to the association=s trustee, (2) $11,010.50 to the Barbours, and (3) $18,520.50 to Red Rock.

In November 2006, the Barbours defaulted on the Refinanced note payable to Chase.  After the Barbours failed to cure their default, Chase accelerated the note and scheduled the Property for a foreclosure sale.  Before Chase could actually foreclose on the Property, Red Rock filed the instant lawsuit against Chase seeking a declaration that it had a superior interest in the Property.  Red Rock also brought a trespass to try title claim against Chase.  Chase answered the lawsuit and sought its own declaratory judgment to declare it as the superior lienholder.  Chase also counterclaimed to recoup rental payments received by Red Rock on the Property and for unjust enrichment, judicial foreclosure, and various property-related causes of action.


Thereafter, Red Rock filed a traditional summary judgment motion seeking to be declared the superior lienholder.  Chase responded to Red Rock=s summary judgment motion and filed a traditional and no-evidence motion for summary judgment, also requesting to be declared the superior lienholder.    The trial court denied Red Rock=s summary judgment and granted Chase=s motion, declaring Chase as the superior lienholder.  The trial court also awarded $17,600.00 in attorney=s fees to Chase.  Chase filed a second summary judgment motion on its counterclaims for assignment of rents, unjust enrichment, and conversion.  Red Rock did not respond to this motion.  The trial court granted Chase=s second motion with respect to the assignment of rents and unjust enrichment counterclaims and awarded Chase an additional $30,000.00.  Chase subsequently nonsuited its remaining counterclaims against Red Rock.  Red Rock later filed a motion for new trial, alleging, among other things, that the award of attorney=s fees was improper because Chase failed to segregate its attorney=s fees.  The motion for new trial was denied.

On appeal, Red Rock raises three issues, asserting that the trial court erred in (1) denying its motion for summary judgment and granting Chase=s motions and (2) awarding attorney

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