Russell v. WADOT Capital Inc

District Court, W.D. Washington·Decided February 5, 2025·No. 2:22-cv-00531·Unknown

Opinion

1 2

3 4 5 6 7 UNITED STATES DISTRICT COURT WESTERN DISTRICT OF WASHINGTON 8 AT SEATTLE

9 10 PATRIC RUSSELL, CASE NO. C22-0531JLR 11 Plaintiff, ORDER v. 12 WADOT CAPITAL, INC., et al., 13 Defendants. 14

16 Before the court is Defendant NCW Trustee Services LLC’s (“NCW”) motion for 17 summary judgment. (MSJ (Dkt. # 124); Reply (Dkt. # 139).) Plaintiff Patric Russell, as 18 administrator and successor of the estate of deceased former Plaintiff Petra Russell, 19 opposes the motion (Resp. (Dkt. # 129)) and moves to strike portions of NCW’s reply 20 (Surreply (Dkt. # 143)). NCW responded to Mr. Russell’s surreply. (Surreply Resp. 21 (Dkt. # 145); 12/17/24 Order (Dkt. # 144) (authorizing response).) The court has 22 considered the motion, the parties’ submissions, the relevant portions of the record, and 1 the governing law. Being fully advised,1 the court GRANTS in part Mr. Russell’s 2 motion to strike and GRANTS NCW’s motion for summary judgment.

4 This matter arises from two loans that Petra Russell—Mr. Russell’s mother and 5 the original plaintiff in this matter—obtained from Defendant WADOT Capital, Inc. 6 (“WADOT”) in 2018 and 2019. (See generally 3d Am. Compl. (Dkt. # 86).) The loans 7 were secured by separate deeds of trust on a home Ms. Russell owned in the Greenwood 8 neighborhood of Seattle, Washington (the “Greenwood Property”). (See 3/23/23 Egger

9 Decl. (Dkt. # 38) ¶ 19, Ex. N (“First DOT”); id. ¶ 27, Ex. T (“Second DOT”).) When 10 Ms. Russell defaulted on the second loan, WADOT initiated nonjudicial foreclosure 11 proceedings on behalf of a set of investors who had purchased the loan from WADOT. 12 (See id. ¶¶ 30, 32.) This lawsuit followed. 13 The court set out the factual and procedural background of this matter in detail in

14 its October 9, 2024 order granting in part and denying in part the WADOT Defendants’2 15 motion for summary judgment (10/9/24 Order (Dkt. # 111) at 2-17) and its January 29, 16 2025 order granting the Lindstrom Defendants’ and NCP Defendants’3 motions for 17 summary judgment (1/29/25 Order (Dkt. # 153) at 2-12). The court assumes that the 18

19 1 Only NCW requests oral argument. The court concludes that oral argument would not assist its disposition of the motion. See Local Rules W.D. Wash. LCR 7(b)(4). 20 2 The WADOT Defendants are WADOT, Erik Egger, Nicole House, Michael White, Steven White, HMJOINT, LLC (“HMJOINT”), Michele Chaffee, and Lisa Hallmon. 21 3 The Lindstrom Defendants are Todd Lindstrom, Tia Lindstrom, and Todd Lindstrom Corporation (“Lindstrom Corp.”). The NCP Defendants are Jared Ekdahl, Jane Doe Ekdahl, and 22 National Capital Partners (“NCP”), d/b/a Capital Compete. 1 reader is familiar with those orders and therefore focuses below on the background 2 relevant to NCW’s motion for summary judgment.

3 A. Ms. Russell’s Default 4 In January 2019, Ms. Russell borrowed $443,000.00 from WADOT (the “Second 5 Loan”) and executed a promissory note (the “Second Note”) and deed of trust (the 6 “Second DOT”). The Second Note identified Ms. Russell as maker and WADOT as 7 holder. (3/23/23 Egger Decl. ¶ 26, Ex. S (“Second Note”) at 87.4) By signing the Second 8 Note, Ms. Russell “represent[ed] and warrant[ed]” that the loan was “being used for

9 business, investment or commercial purposes, and not for personal, family or household 10 purposes.” (Id. at 89.) The Second Note was secured by the Second DOT, which 11 encumbered the Greenwood Property and identified Ms. Russell as grantor, WADOT as 12 grantee and beneficiary, and Reconveyance Professionals Inc. as trustee. (Second DOT 13 at 90.) The Second DOT also included a warranty that the loan it secured “was not made

14 primarily for personal, family or household purposes.” (Id. at 93.) 15 In January 2019, WADOT sold the Second Loan to Defendants Michael White, 16 Steven White, HMJOINT, Michelle Chaffee, and Lisa Hallmon (together, the 17 “Investors”5). (3/23/23 Egger Decl. ¶ 30.) On January 24, 2019, WADOT, “as 18 Beneficiary,” executed an Assignment of Deed of Trust in which it assigned “all

20 4 The court refers to the page numbers in the CM/ECF header when citing exhibits to declarations. 21 5 In its prior orders, the court referred to the Investors as “the Beneficiaries.” In this order, the court refers to them as “the Investors” to avoid confusion with the term “beneficiary” 22 as used in the Washington Deed of Trust Act. 1 beneficial interest” in the Second DOT to the Investors. (See id. ¶ 30, Ex. W 2 (“Assignment”); see 3d Am. Compl., Ex. 15 (same).) On January 25, 2019, WADOT

3 entered into Loan Servicing Agreements with the Investors. (See 3d Am. Compl., Ex. 16 4 (“House Decl.”) ¶ 5.) The Assignment was recorded on February 6, 2019. (Id.) 5 WADOT continued to service the loan. (3/23/23 Egger Decl. ¶ 31.) 6 Ms. Russell failed to pay off the balance of the Second Loan before it matured on 7 February 1, 2020, and made no payments thereafter. (Id. ¶ 32.) On June 13, 2020, 8 Defendant Nicole House, on behalf of WADOT, signed a declaration (the “House

9 Declaration”) stating, in relevant part, that (1) the Assignment of the Second DOT from 10 WADOT to the Investors was recorded on February 2, 2019; (2) WADOT “is the duly 11 authorized servicer for [the Investors] pursuant to Loan Servicing Agreements dated 12 January 25, 2019[;]” (3) pursuant to the Loan Servicing Agreements, WADOT “is holder 13 of the original Promissory Note, Deed of Trust and any other documents in connection

14 with [Ms. Russell’s] loan[;]” (4) WADOT “is the holder of the Note[;]” and (5) the 15 Second Loan was in default. (House Decl. ¶¶ 5-7.) Ms. House included the loan 16 agreement “and supporting documents,” Second Note, Second DOT, and Assignment as 17 exhibits to her declaration. (See id. ¶¶ 3-5.) 18 On June 15, 2020, Ms. House, on behalf of WADOT, signed a Substitution of

19 Trustee (the “SOT”) appointing David Kazemba, an attorney at Overcast Law Offices in 20 Wenatchee, Washington, as trustee for the Second DOT. (3d Am. Compl., Ex. 17 21 (“SOT”).) The SOT identified WADOT as the “Beneficiary” and Ms. House “as 22 authorized agent of Beneficiary.” (Id.) The SOT was recorded on June 15, 2020. (Id.) 1 NCW was formed on August 14, 2020, and Mr. Kazemba became one of its 2 principals. (Ambrose Decl. (Dkt. # 137-1) ¶¶ 5-7, Ex. 2-4 (documents regarding

3 formation and ownership of NCW).) In October 2020, Defendant Erik Egger, on behalf 4 of WADOT, signed a Replacement and Appointment of Successor Trustee appointing 5 NCW as successor trustee (the “First RAST”). (3d Am. Compl., Ex. 18.) The First 6 RAST identified WADOT as “Beneficiary” and Mr. Egger “as authorized agent of 7 Beneficiary[.]” (Id.) The First RAST was recorded on October 26, 2020. (Id.) 8 On October 27, 2020, NCW issued a Notice of Default (the “First NOD”) in which

9 it identified NCW as the “Current Trustee for the Deed of Trust” and the Investors as the 10 “Current Beneficiary of the Deed of Trust.” (3d Am. Compl., Ex. 19 at 142.6) The first 11 page of the First NOD includes the following language: 12 This property is not known to be owner-occupied residential real property, therefore, the statement required under RCW 61.24.030(8)(k) does not apply. 13 (Id.) The House Declaration was attached to the First NOD. (Id. at 143.) Mr. Kazemba 14 signed the First NOD on behalf of NCW. (Id. at 144.) 15 B. The First Notice of Trustee’s Sale 16 On March 21, 2021, the Investors, as “the present Beneficiar[ies]” of the Second 17 DOT, executed a second Replacement and Appointment of Successor Trustee appointing 18 NCW as successor trustee (the “Second RAST”). (3/23/23 Egger Decl. ¶ 33, Ex. X; see 19 also 3d Am. Compl., Ex. 20.) The Second RAST was recorded on March 30, 2021. (Id.) 20 21

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