Shakeel Uddin v. Jacqueline K. Cunningham Deputy Receiver of Southern Title Insurance Corporation and Southern Title Insurance Corporation

CourtCourt of Appeals of Texas
DecidedApril 25, 2019
Docket01-18-00002-CV
StatusPublished

This text of Shakeel Uddin v. Jacqueline K. Cunningham Deputy Receiver of Southern Title Insurance Corporation and Southern Title Insurance Corporation (Shakeel Uddin v. Jacqueline K. Cunningham Deputy Receiver of Southern Title Insurance Corporation and Southern Title Insurance Corporation) 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
Shakeel Uddin v. Jacqueline K. Cunningham Deputy Receiver of Southern Title Insurance Corporation and Southern Title Insurance Corporation, (Tex. Ct. App. 2019).

Opinion

Opinion issued April 25, 2019

In The

Court of Appeals For The

First District of Texas ———————————— NO. 01-18-00002-CV ——————————— SHAKEEL UDDIN, Appellant V. JACQUELINE K. CUNNINGHAM, DEPUTY RECEIVER OF SOUTHERN TITLE INSURANCE CORPORATION. AND SOUTHERN TITLE INSURANCE CORPORATION, Appellee

On Appeal from the 334th District Court Harris County, Texas Trial Court Case No. 2012-29600

MEMORANDUM OPINION

Appellant Shakeel Uddin guaranteed a loan made by Sterling Bank to Nabeel

& Amaan Investments, Inc. NAI used the loan to purchase real property. Following

NAI’s loan default and a superior lienholder’s foreclosure on the property, Sterling

filed a claim under the title-insurance policy it received from Appellee Southern Title Insurance Company. STIC, as Sterling’s subrogee, sued Uddin as guarantor of

the loan. After paying on Sterling’s insurance claim and being assigned the rights

under the loan, STIC amended its petition against Uddin, abandoning its subrogation

action and asserting a direct claim on the guaranty. STIC successfully moved for

summary judgment over Uddin’s arguments that the statute of limitations deprived

STIC of standing or capacity, STIC failed to prove each element of its claim, and he

had raised material issues of fact on his affirmative defenses. Uddin now appeals,

raising the same arguments. We conclude that the statute of limitations did not

implicate STIC’s standing, any defect in STIC’s capacity was cured by the relation-

back doctrine, STIC established each element of its claim, and Uddin contractually

waived his right to assert his other affirmative defenses. We therefore affirm.

Background

Nabeel & Amaan Investments, Inc. obtained a $1,400,000 loan from Sterling

Bank on January 10, 2008, to finance its purchase of real property located at 9112

North Broadway, Houston. By the terms of the Promissory Note, NAI had five years

to pay off the loan and granted Sterling a first lien on the property. That same day,

NAI’s president, Appellant Shakeel Uddin, signed a Guaranty Agreement,

promising Sterling that he would be responsible for NAI’s obligations under the

Note if NAI defaulted.

2 Appellee Southern Title Insurance Company, a Virginia corporation

authorized to do business in Texas, issued an Owner’s Policy to NAI and a Lender’s

Policy to Sterling.1 Under the Owner’s Policy, STIC insured NAI against loss caused

by any lien on the sold property. Under the Lender’s Policy, STIC insured Sterling

against loss caused by any lien on the property that was superior to Sterling’s lien.

Unknown to STIC and Sterling, a superior lien existed: JLE Investors, Inc. possessed

an unpaid Deed of Trust on the property that predated Sterling’s lien.

Following NAI’s failure to make several payments on the Note, Sterling sent

a letter to NAI and Uddin on February 10, 2011, demanding full payment on the

Note and the Guaranty Agreement. Neither NAI nor Uddin paid. Twelve days later,

Sterling accelerated the Note. Sometime within the following month, Sterling

discovered that JLE’s lien was superior to its own and notified STIC. Because JLE’s

lien was never paid off, JLE foreclosed on the property in October 2011. The

property was later sold during a trustee’s sale. By this time, STIC was in serious

financial trouble.

1 STIC issued these policies through one of its issuing agencies, American National Title. ANT’s director was Uddin’s business partner and fifty-percent co-owner of NAI, Syed Rizwan Mohiuddin. STIC filed a complaint in an adversary proceeding against Mohiuddin in United States Bankruptcy Court, seeking a determination that Mohiuddin was liable to STIC for his fraudulent issuance of eight title polices—including the two involved with this case. STIC was ultimately awarded a $8,497,832.62 nondischargeable judgment against Mohiuddin. 3 The State Corporation Commission of Virginia filed an application with the

Circuit Court of the City of Richmond, seeking its appointment as STIC’s receiver.

In December 2011, the Virginia circuit court found that STIC was “in a hazardous

financial condition such that any further transaction of its business will be hazardous

to its insureds, policyholders, creditors, and the public.” Accordingly, the

Commission was appointed as STIC’s receiver and was authorized “to proceed with

the rehabilitation or liquidation of [STIC] and to take whatever steps . . . reasonably

necessary . . . for the protection of [STIC’s] insureds, policyholders, creditors, or the

public.”

On May 21, 2012, through its Virginia-appointed receiver, STIC sued Uddin

in Harris County District Court. STIC, being subrogated to Sterling’s rights against

third parties by the Lender’s Policy’s terms, sought payment from Uddin for the

damages it would incur from its having to pay Sterling under the policy. After

Sterling formally filed its claim with STIC under the Lender’s Policy in September

2012, the trial court granted an agreed plea in abatement that removed the case from

the trial court’s docket until Sterling’s claim against STIC was “settled or resolved

such that the exact amount of damages sought by [STIC could] be confirmed.”

Sterling eventually received $710,000 from STIC on its Lender’s Policy claim.

Through a series of assignments that concluded in June 2016, Sterling’s rights

under the Note were assigned to STIC. And on August 30, 2016, STIC filed an

4 amended petition against Uddin, abandoning its subrogation action and seeking full

recovery under the terms of the Guaranty Agreement. During the nearly two years

of litigation that followed, STIC unsuccessfully moved for summary judgment

numerous times, and Uddin repeatedly asserted a number of defenses, including the

statute of limitations and offsets.

In STIC’s final attempt at summary judgment, it argued, among other things,

that under Paragraph 11 of the Guaranty Agreement, Uddin waived all defenses,

including his statute-of-limitations and offset defenses. STIC also contended that,

even if Uddin did not waive the statute-of-limitations defense, its claim under the

Note was still timely. The trial court granted STIC’s motion and ultimately signed a

judgment requiring Uddin to pay $1,656,269.28, which consisted of the Note’s

remaining principal balance, interest, and various fees. Uddin unsuccessfully moved

for a new trial and now appeals.

Analysis

Uddin contends that the trial court improperly granted summary judgment

because the statute of limitations deprived it of subject-matter jurisdiction; STIC did

not cure its lack of capacity until after the statute of limitations lapsed; STIC failed

to prove each breach-of-contract element; and Uddin raised fact issues on his other

affirmative defenses.

5 I. Statute of limitations and its effect on STIC’s capacity

Uddin contends that the trial court erred by granting summary judgment for

STIC because he raised a fact issue concerning his statute-of-limitations defense.

We review a trial court’s rendition of summary judgment de novo, interpreting all

summary-judgment evidence and making all reasonable inferences in favor of the

nonmovant. Goodyear Tire & Rubber Co. v. Mayes, 236 S.W.3d 754, 756–57 (Tex.

2007). To prevail on summary judgment, the movant must demonstrate that no

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Shakeel Uddin v. Jacqueline K. Cunningham Deputy Receiver of Southern Title Insurance Corporation and Southern Title Insurance Corporation, Counsel Stack Legal Research, https://law.counselstack.com/opinion/shakeel-uddin-v-jacqueline-k-cunningham-deputy-receiver-of-southern-title-texapp-2019.