TD Bank v. Massengill, S.

CourtSuperior Court of Pennsylvania
DecidedMay 7, 2025
Docket3047 EDA 2023
StatusUnpublished

This text of TD Bank v. Massengill, S. (TD Bank v. Massengill, S.) is published on Counsel Stack Legal Research, covering Superior Court of Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
TD Bank v. Massengill, S., (Pa. Ct. App. 2025).

Opinion

J-A24003-24

NON-PRECEDENTIAL DECISION - SEE SUPERIOR COURT O.P. 65.37

TD BANK, N.A. : IN THE SUPERIOR COURT OF : PENNSYLVANIA : v. : : : SKIP J. MASSENGILL AND JOANN : MASSENGILL : : No. 3047 EDA 2023 : APPEAL OF: SKIP J. MASSENGILL :

Appeal from the Judgment Entered November 2, 2023 In the Court of Common Pleas of Montgomery County Civil Division at No(s): 2013-28311

BEFORE: LAZARUS, P.J., KING, J., and LANE, J.

MEMORANDUM BY LAZARUS, P.J.: FILED MAY 7, 2025

Skip J. Massengill appeals from the judgment, entered in the Court of

Common Pleas of Montgomery County, following a nonjury trial resulting in a

verdict in favor of Appellee TD Bank, N.A., in this foreclosure matter. After

our careful review, we affirm in part, vacate in part, and remand the case to

the trial court for the entry of an amended judgment consistent with the

dictates of this memorandum.

The trial court set forth the facts of this matter as follows:

To prove its claim for mortgage foreclosure, TD Bank, N.A. (“TD”) presented the testimony of its employee, Jordan Purington. We find Mr. Purington’s testimony to be credible.

In 2008, Commerce Bank, N.A. (“Commerce”) merged into TD. Mr. Purington’s title with TD is controls group manager. In this role, Mr. Purington does business processes and “some other activity for the U.S. customer assistance business, which is collections and recovery.” He supports both [] servicing and J-A24003-24

collections of [TD’s] mortgages. Mr. Purington has knowledge of TD’s practices in servicing mortgages. Mr. Purington was familiar with TD’s business records kept in its business log of servicing mortgages, and he was familiar with the Borrowers’ Note and mortgage at issue in this case.

On May 12, 2004, [Massengill] and Joann Flynn Massengill (“Borrowers”) executed the following: (1) a fixed/adjustable rate note (“Note”) in which, in return for a loan they received from Commerce, they agreed to pay $1.4 million, plus interest, to Commerce; and (2) a mortgage on the property located at 400 Glyn Wynne Road (AKA 126 Grays Ln), Haverford, PA 19041 (“Property”).

As stated in the preceding paragraph, the Note was a fixed/adjustable rate note that provided, in relevant part, that Borrowers would pay a yearly interest rate of 4.500%, which “may change in accordance with Section 4 of this Note.” Paragraph 4 of the Note informed Borrowers that the initial fixed interest rate “will change to an adjustable interest rate on the first day of June[] 2009, and the adjustable interest rate [Borrowers] will pay may change on that day and every 12 months thereafter.” (emphasis added).

Borrowers made payments on the Note through September 1, 2011. Payments due on the Note for October 1, 2011 and thereafter remained outstanding at the time of trial. The last payment was applied on January 31, 2012. On November 16, 2012, TD sent Act 91 Notice (“Notice”) to Borrowers, which notified Borrowers they were in default on the mortgage. The Notice informed Borrowers that the amount past due was $125,782.89, and they could cure the default within 30 days of the date of the Notice by paying that amount, as well as any mortgage payments and late charges which become due during the 30-day period.

Since Borrowers defaulted on the loan, TD has made homeowner’s insurance and tax payments on the Property. TD introduced records showing a breakdown of fees it has paid consisting of property inspection fees, appraisal fees, and legal fees.

On March 8, 2013, while Borrowers were in default of the loan on the Property but before TD had filed the instant mortgage foreclosure action on September 16, 2013, [Massengill] and TD entered into a Settlement and General Release (“Settlement and Release”) that related to [Massengill’s] claims against TD that he

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had brought before FINRA (Financial Industry Regulatory Authority) concerning his employment with Commerce/TD. Prior to entering into this Settlement and Release with TD, [Massengill] had received the Act 91 Notice notifying Borrowers that they were in default of their loan with Commerce/TD that TD had sent on November 16, 2012. Pursuant to the Settlement and Release, TD issued payments in the total amount of $3,196,770.11 to [Massengill]. The Settlement and Release contains an integration clause at § 23, which states:

23. Entire Agreement. This Agreement is the entire agreement between the parties with respect to [Skip] Massengill’s employment with TD Bank and TDWMSI [TD Wealth Management Services, Inc.] and the termination of that employment and supersedes and replaces any and all prior and contemporaneous agreements, representations, promises or understandings of any kind between the parties. No modification, amendment or waiver of any of the provisions of this Agreement shall be effective unless in writing and signed by both parties.

(emphasis added).

On November 7, 2022, TD sent [Massengill] a letter stating the loan payoff amount, $2,205,099.59[, which] comprised the following: $1,194,802.26 (principal); $462,376.31 (interest); $41,716.17 (late charges); $487,481.14 (escrow); and $18,732.71 (fees & expenses). The daily interest rate is a systemically-created figure; it is a point-in-time figure projection. Per the terms of the Note, the interest rate changed from fixed to adjustable. Accordingly, the daily interest rate has changed during the course of the loan. The figure $487,481.14 represents escrow payments made by TD.

The court conducted a bench trial on January 24, 2023. At the conclusion of trial, the court requested the parties to submit post- trial briefs. On February 16, 2023, following its review of the briefs submitted, the court issued its decision in which it found in favor of TD and against Borrowers, in rem, in the amount of $2,205,099.59, together with continuing interest at the rate of $147.3044 per day from the date of the decision on the unpaid balance, together with continuing costs and attorney’s fees, and for the sale of the Property.

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On February 24, 2023, [Massengill] filed a [post-trial motion]. On February 27, 2023, the court issued an order directing TD to file an answer and memorandum of law in response to [Massengill’s] post-trial motion. On March 7, 2023, TD filed its answer and memorandum of law.

On March 14, 2023, while [Massengill’s] post-trial motion remained pending, [Massengill] filed a notice of appeal from the court’s decision entered on February 16, 2023. By order filed on June 8, 2023, the Superior Court quashed said appeal as premature[,] as no disposition had been issued regarding [Massengill’s] post-trial motion. The Superior Court also noted that judgment had not been entered on the trial court docket. By order entered on June 21, 2023, this court denied [Massengill’s] post-trial motion.

On July 20, 2023, [Massengill] filed a notice of appeal regarding the court’s denial of his post-trial motion. On September 12, 2023, this court filed its opinion pursuant to Pa.R.A.P. 1925(a) in which it stated that: (1) judgment had not been entered in the case; and (2) an appeal from the denial of a post-trial motion is interlocutory and not a final appealable order. On October 2, 2023, [Massengill] withdrew that appeal in the Superior Court.

On November 2, 2023, pursuant to a praecipe to enter final judgment on court order filed by TD, the Montgomery County Prothonotary entered judgment on the court’s decision. On November 7, 2023, [Massengill] filed the instant appeal from the final in rem judgment. On November 13, 2023, [Massengill] filed an amended notice of appeal to note his appeal concerned the order denying his post-trial motion as well as the subsequently[ ]entered in rem judgment.

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Bluebook (online)
TD Bank v. Massengill, S., Counsel Stack Legal Research, https://law.counselstack.com/opinion/td-bank-v-massengill-s-pasuperct-2025.