U.S. Bank National Ass'n v. Salgado

2024 IL App (3d) 210257-U
CourtAppellate Court of Illinois
DecidedAugust 26, 2024
Docket3-21-0257
StatusUnpublished

This text of 2024 IL App (3d) 210257-U (U.S. Bank National Ass'n v. Salgado) is published on Counsel Stack Legal Research, covering Appellate Court of Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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U.S. Bank National Ass'n v. Salgado, 2024 IL App (3d) 210257-U (Ill. Ct. App. 2024).

Opinion

NOTICE: This order was filed under Supreme Court Rule 23 and is not precedent except in the limited circumstances allowed under Rule 23(e)(1).

2024 IL App (3d) 210257-U

Order filed August 26, 2024 ____________________________________________________________________________

IN THE

APPELLATE COURT OF ILLINOIS

THIRD DISTRICT

U.S. BANK NATIONAL ASSOCIATION, ) Appeal from the Circuit Court As Indenture Trustee for Citigroup ) of the 12th Judicial Circuit, Mortgage Loan Trust, Mortgage-backed ) Will County, Illinois. Notes, Series 2005-6, ) ) Plaintiff, ) ) v. ) ) JOHN SALGADO a/k/a/ JUAN E. ) SALGADO; BUTTERNUT CREEK ) WOODS HOMEOWNERS ASSOCIATION; ) Appeal No. 3-21-0257 UNKNOWN OWNERS AND ) Circuit No. 17-CH-840 NON-RECORD CLAIMANTS, ) ) Defendants-Appellees. ) _______________________________________) ) JOHN SALGADO, ) ) Third-party Plaintiff-Appellant, ) Honorable Theodore J. Jarz, ) Judge, Presiding. v. ) ) WELLS FARGO HOME MORTGAGE, INC., ) a foreign corporation, ) ) Third-party Defendant-Appellee. ) ____________________________________________________________________________ JUSTICE HOLDRIDGE delivered the judgment of the court. Justice Albrecht and Justice Davenport concurred in the judgment.

ORDER

¶1 Held: Mortgage foreclosure defendant’s third-party claims against the servicer of his mortgage loan for its alleged failure to apply certain funds to the unpaid principal balance of his loan were properly dismissed where the defendant had previously signed a modified loan agreement that precluded his claims and where his claims were not supported by sufficient factual allegations.

¶2 In this mortgage foreclosure action, defendant John Salgado filed a third-party complaint

against Wells Fargo Home Mortgage, Inc. (Wells Fargo), the servicer of Salgado’s loan and the

former holder of the mortgage note. In his first amended third-party complaint (complaint),

Salgado alleges that Wells Fargo failed to apply certain payments it had received from the

Illinois Department of Transportation as the result of a condemnation proceeding to Salgado’s

loan principal, in violation of a prior court order. Salgado’s complaint asserts various claims

against Wells Fargo, including, inter alia, a violation of the Illinois Consumer Fraud Act,

common-law fraud and conversion. The trial court dismissed Salgado’s amended third-party

complaint with prejudice. Salgado appeals that judgment.

¶3 FACTS

¶4 The following facts are drawn from the allegations Salgado made in his complaint and

documents attached to that complaint.

¶5 On January 20, 2005, Salgado entered into a loan agreement and executed a note in favor

of Wells Fargo, secured by a mortgage against his property at 347 S. Walnut Ridge Court in

Frankfort, Illinois (the Property). From 2008 through 2010, Salgado experienced a significant

drop in his income as a result of the mortgage crisis and the ensuing crash in the real estate

market. He was unable to make his mortgage payments at that time.

2 ¶6 On September 13, 2010, the Illinois Department of Transportation (IDOT) filed a

condemnation complaint against a portion of the property that ran parallel to U.S. Route 30. The

IDOT complaint named Wells Fargo in its capacity as the holder of the note and mortgage.

¶7 Wells Fargo subsequently assigned the note and the mortgage on the Property to U.S.

Bank National Association, As Indenture Trustee for Citigroup Mortgage Loan Trust, Mortgage-

backed Notes, Series 2005-6 (“U.S. Bank”). Thereafter, Wells Fargo acted as the servicer of the

mortgage loan.

¶8 On October 26, 2010, U.S. Bank filed a mortgage foreclosure complaint against Salgado.

The trial court allowed the action to go directly to mediation. Salgado was not permitted to

conduct discovery during mediation.

¶9 On January 11, 2011, the trial court in the condemnation proceeding issued an Order

vesting IDOT with title to a portion of the Property and awarding compensation to Salgado in the

amount of $47,880.00. The court ordered the Will County Treasurer to distribute the funds to

Wells Fargo “for the benefit of John Salgado.” The court ruled that the IDOT proceeds were to

be used to repair the Property and to be applied to the principal balance of Salgado’s mortgage

loan. Between June and August of 2011, the Will County Treasurer sent three installment

payments to Wells Fargo totaling $47,880.00.

¶ 10 On October 11, 2011, Wells Fargo sent Salgado a letter stating that it had received funds

in the amount of $44,640.00 and had applied those funds “as an additional principal payment.”

The letter further stated that Wells Fargo had received funds in the amount $3,240.00, which

Wells Fargo applied to the “unapplied funds account” associated with Salgado’s mortgage loan.

Pursuant to the trial court’s Order in the condemnation proceeding, the Will County Treasurer

had sent Wells Fargo a final installment payment on August 8, 2011, in the amount of $3,240.00.

3 When that amount is added to $44,640.00, (the other amount that Wells Fargo acknowledged

receiving on Salgado’s behalf), the amounts equal $47,880.00, the total amount of the

compensation awarded to Salgado in the condemnation proceeding.

¶ 11 Salgado relied upon Wells Fargo’s statements in the October 11, 2011, letter that Wells

Fargo had or would apply the IDOT funds to his outstanding loan principal balance. Salgado

was not provided a ledger balance in October 2011 to show the application of the IDOT funds.

Nor had he been receiving regular monthly mortgage statements during the foreclosure

proceedings. Accordingly, he relied entirely upon the statements in Wells Fargo’s October 2011

letter in concluding that the IDOT funds had either already been applied to his outstanding

principal balance or would be applied to that balance when the Property was sold or when the

parties entered into a modified loan agreement.

¶ 12 During the first mediation in the 2010 foreclosure proceeding, Wells Fargo initially

concluded that Salgado did not qualify for a loan modification. However, the court-appointed

mediator calculated Salgado’s reported income and concluded that Salgado qualified for a loan

modification under the federal Home Affordable Modification Program (HAMP). On or about

August 25, 2011, Salgado sought and received a voluntary dismissal of the first foreclosure

complaint.

¶ 13 On November 22, 2011, Wells Fargo offered Salgado a proposed loan modification

pursuant to HAMP. Wells Fargo made the offer on a “take it or leave it” basis. It did not

initially provide Salgado with the loan modification documents or explain how it calculated

Salgado’s modified principal balance. Salgado had no opportunity to propose any changes to the

documents or to make a counteroffer. All terms and conditions of the loan were set solely by

Wells Fargo. Wells Fargo mailed the loan modification documents to Salgado after mediation,

4 sometime after November 22, 2011. Salgado rejected the loan modification proposed by Wells

Fargo because he found it to be unaffordable.

¶ 14 Because Salgado had rejected the proposed modification, U.S. Bank filed a second

foreclosure complaint on December 11, 2012. The new complaint alleged that Salgado had an

unpaid principal balance of $619,386.46 as of May 11, 2011. Like the first foreclosure

proceeding, the second proceeding went directly to mediation and no discovery was permitted.

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2024 IL App (3d) 210257-U, Counsel Stack Legal Research, https://law.counselstack.com/opinion/us-bank-national-assn-v-salgado-illappct-2024.