VC RTL Holdings v. JBKK Enterprises

CourtSuperior Court of Pennsylvania
DecidedFebruary 7, 2023
Docket389 EDA 2022
StatusUnpublished

This text of VC RTL Holdings v. JBKK Enterprises (VC RTL Holdings v. JBKK Enterprises) 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
VC RTL Holdings v. JBKK Enterprises, (Pa. Ct. App. 2023).

Opinion

J-A24024-22

NON-PRECEDENTIAL DECISION - SEE SUPERIOR COURT I.O.P. 65.37

VC RTL HOLDINGS, LLC : IN THE SUPERIOR COURT OF : PENNSYLVANIA : v. : : : JBKK ENTERPRISES, LLC AND C/O : KEVIN KRONBERG, MANAGING : MEMBER : No. 389 EDA 2022 : Appellants :

Appeal from the Order Entered January 5, 2022 In the Court of Common Pleas of Bucks County Civil Division at No(s): 2020-05082

BEFORE: PANELLA, P.J., BENDER, P.J.E., and SULLIVAN, J.

MEMORANDUM BY PANELLA, P.J.: FILED FEBRUARY 7, 2023

JBKK Enterprises, LLC (“JBKK”) and c/o Kevin Kronberg, managing

Member, (collectively “Appellants”) appeal from the order granting summary

judgment in favor of VC RTL Holdings, LLC (“VC”) in a mortgage foreclosure

action in the amount of $351,850.04. Appellants argue that the trial court

erred in granting summary judgment because there are various issues of

material fact; the rule articulated in Borough of Nanty-Glo v. Am. Surety

Co. of New York, 163 A. 523 (Pa. 1932), precluded the entry of summary

judgment; and the trial court should have allowed more time for discovery.

We affirm.

On January 31, 2019, JBKK borrowed $316,857 from WCP Fund I LLC

(“WCPF”). In support of the loan, JBKK executed and delivered to WCPF a J-A24024-22

promissory note for $316,857. The note provided for the accrual of interest

on the principal balance at a rate of 10% per annum, a one-year term, and a

maturity date of February 1, 2020. The note required regular monthly

payments of $2,640.48, and a final payment of all outstanding costs and the

remaining principal balance on February 1, 2020. The note further provided

that late charges would be equal to both 10% of each payment not received

within five days of the due date, and a 24% per annum default interest rate.

Moreover, JBKK executed and delivered to WCPF a commercial “Mortgage,

Assignment of Rents and Security Agreement” for $316,857, against its real

property located in Perkasie, Pennsylvania (Bucks County Tax Parcel Number

15-028-144). As an additional security, Kronberg, JBKK’s managing member,

executed and delivered to WCPF a guaranty in the original principal amount

of $316,857.

By allonge dated January 31, 2019, WCPF assigned the note and loan

to PS Funding Inc. Thereafter, WCPF assigned the mortgage to PS Funding.

By a second allonge dated February 15, 2019, PS Funding assigned the note

and loan to VC. PS Funding separately assigned the mortgage to VC, which

was recorded on June 25, 2020.

JBKK failed to make payments on the loan in January 2020, which

resulted in the default interest rate taking effect on February 1, 2020, and

regular monthly payments increasing to $6,337.14. On May 5, 2020, VC

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served Appellants with combined Act 6 and Act 91 Notices.1 As of June 30,

2020, Appellants owed $351,850.04 under the note, mortgage, and guaranty.

On October 1, 2020, VC filed a complaint in mortgage foreclosure for

$351,850.04. After reinstating and serving Appellants with the complaint,

Appellants filed their answer and new matter. VC filed a reply to Appellants’

new matter. Thereafter, on August 19, 2021, VC filed a motion for summary

judgment, to which VC attached, inter alia, an affidavit by Brett Peiffer, PS

Funding’s asset manager and a servicing agent for VC. Appellants filed a

response to the motion for summary judgment. On January 5, 2022, the trial

court granted VC’s motion for summary judgment, and entered judgment in

favor of VC in the amount of $351,850.04. Appellants timely appealed.

Appellants raise the following questions for our review:

Did the trial court abuse its discretion or err as a matter of law, inter alia, for the following reasons:

A. Granting the Motion for Summary Judgment despite the presentation of genuine issues of material fact as to necessary elements of the cause of action or defenses thereto;

____________________________________________

1 Loan Interest and Protection Law, 41 P.S. § 403 (Act 6), and Housing Finance Agency Law, 35 P.S. §§ 1680.402c, 1680.403c (Act 91). “Act 6 is a usury law, designed to protect borrowers against improper mortgage lending practices.” JP Morgan Chase Bank N.A. v. Taggart, 203 A.3d 187, 194 (Pa. 2019) (citation omitted). “Act 6 provides safeguards to residential borrowers before they face foreclosure.” Id. The purpose of Act 91 notice is “to instruct the mortgagor of different means [they] may use to resolve [their] arrearages in order to avoid foreclosure on [their] property and also [to give] a timetable in which such means must be accomplished.” Wells Fargo Bank, N.A. v. Monroe, 966 A.2d 1140, 1142 (Pa. Super. 2009) (citation omitted).

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B. Granting [VC’s] Motion for Summary Judgment despite the fact that discovery had not been completed which would allow Appellants to produce evidence of facts essential to the cause of action or defenses which in a jury trial would require the issues to be submitted to a jury;

C. Failing to consider the genuine issues of material facts presented in the Appellants’ Answer and New Matter, including but not limited to (1) the proper assignment of the Mortgage and Loan documents; (2) the granting of a waiver, extension or forbearance by [VC] and/or its agents; (3) the issue of promissory estoppel; and (4) [VC’s] failure to provide any proof that the Act 6 and Act 91 Notices were sent and delivered to Appellants as required by law;

D. Failing to allow time for the taking of discovery as to the material issues of fact and deciding the Motion only on the contested pleadings;

E. Treating Appellants’ denials in its Answer and New Matter as admissions of fact;

F. Allowing [VC] to rely on allegations which are nothing more than conclusions of law, despite Appellants’ denial of such, requiring no further answer under the Rules of Civil Procedure;

G. Treating Appellants’ specific denials of [VC’s] conclusory allegations as admissions of fact;

H. Allowing [VC] to rely solely on testimonial affidavits to establish the absence of a genuine issue of material fact.

I. Allowing [VC] to rely solely on a testimonial affidavit of an individual not identified as an agent, servant, workman or employee of the named [VC] regarding Appellants’ alleged default;

J. Allowing [VC] to rely solely on a testimonial affidavit without any documents to support the allegations concerning any claims of Appellants’ alleged default;

K. Allowing [VC] to rely solely on a testimonial affidavit of an entity not a party to the transaction without explanation as to

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why an authorized representative of the named [VC] did not make the affidavit;

L. Allowing [VC] to rely solely on a testimonial affidavit of an unrelated third party to the transaction without any explanation for the basis of knowledge or information that he claimed to have about Appellants’ account and relationship with [VC];

M. Granting the Motion without a proper affidavit, relying solely on a testimonial affidavit and without any evidentiary record which would entitle [VC] to prevail;

N. Gra[n]ting the Motion despite the lack of any evidence concerning the history and appropriateness of the assignments of the Loan Documents; and

O. Granting the Motion without any proof that the Act 6 and Act 91 Notices required by law were correctly sent and/or delivered to Appellants.

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VC RTL Holdings v. JBKK Enterprises, Counsel Stack Legal Research, https://law.counselstack.com/opinion/vc-rtl-holdings-v-jbkk-enterprises-pasuperct-2023.