vs Developing, Llc, V. Brmk Priest Point, Llc

CourtCourt of Appeals of Washington
DecidedSeptember 30, 2024
Docket85435-6
StatusUnpublished

This text of vs Developing, Llc, V. Brmk Priest Point, Llc (vs Developing, Llc, V. Brmk Priest Point, Llc) is published on Counsel Stack Legal Research, covering Court of Appeals of Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
vs Developing, Llc, V. Brmk Priest Point, Llc, (Wash. Ct. App. 2024).

Opinion

IN THE COURT OF APPEALS OF THE STATE OF WASHINGTON

VS DEVELOPING, LLC, No. 85435-6-I Appellant, DIVISION ONE v. UNPUBLISHED OPINION BRMK PRIEST POINT, LLC; HACKER & WILLIG, INC., P.S.; and JOHN & JANE DOES 1-10,

Respondents.

HAZELRIGG, A.C.J. — VS Developing LLC held real property that was used

to secure a $1.8 million loan from BRMK Priest Point LLC to VS Investment Assoc

LLC. VS Investment defaulted on the loan and the trustee foreclosed and sold the

property. Nine months later, VS Developing filed a complaint that alleged the sale

was invalid as BRMK Priest Point’s counsel, Hacker & Willig Inc. had acted as

trustee. The trial court dismissed the claims on summary judgment. Because the

relevant statute does not prohibit counsel for the beneficiary from acting as trustee

and VS Developing failed to follow the statutory restraint procedure, VS

Developing waived its claims and summary judgment dismissal of the complaint

was proper. We affirm. No. 85435-6-I/2

FACTS

Viktoria and Valentin Stelmakh 1 are the principals of VS Investment Assoc

LLC and its affiliate VS Developing LLC. 2 In 2016, VS Investment agreed to

purchase largely undeveloped land located in Seattle, WA (development property)

from BRMK Lending LLC, the parent company of BRMK Priest Point LLC (BRMK

PP). To purchase the land, on April 18, 2016, VS Investment accepted a loan from

BRMK Lending in the amount of $1,880,000. The Stelmakhs personally

guaranteed the loan. The loan was also secured by two deeds of trust, 3 one for

the development property in Seattle and the other for real property located at 4415

Priest Point Drive, NW, Tulalip, WA (subject property) that was owned by VS

Developing.

On multiple occasions over the next couple of years, VS Investment

requested, and BRMK Lending agreed, to increase the loan amount and extend

the maturity date on the loan. Ultimately, the maturity date was extended to

November 1, 2018 and VS Investment and the Stelmakhs defaulted by failing to

pay the balance. As of November 25, 2019, VS Investment and the Stelmakhs

owed BRMK Lending approximately $3,722,105.46 on the loan. Following the

1 This opinion refers to the Stelmakhs by their first names as needed for clarity. No disrespect is intended. 2 As appellant VS Developing acknowledges in briefing, “VS Investment is not a party to

this action.” 3 A deed of trust is a type of mortgage that involves “‘a three-party transaction in which land

is conveyed by a borrower, the grantor, to a trustee, who holds title in trust for a lender, the beneficiary, as security for credit or a loan the lender has given the borrower.’” Bain v. Metro. Mortg. Grp., Inc., 175 Wn.2d 83, 92-93, 285 P.3d 34 (2012) (internal quotation marks omitted) (quoting 18 W ILLIAM B. STOEBUCK & JOHN W. W EAVER, W ASHINGTON PRACTICE: REAL ESTATE: TRANSACTIONS § 17.3, at 260 (2d ed. 2004)).

-2- No. 85435-6-I/3

default, BRMK Lending filed a petition in King County Superior Court pursuant to

RCW 7.08.030 for appointment of a receiver to administer VS Investment’s assets.

On February 28, 2022, BRMK Lending initiated the foreclosure process for

its deed of trust on the subject property. Hacker & Willig (HW), the law firm

representing BRMK Lending, was appointed as the successor trustee to conduct

the sale of the subject property. The trustee’s sale was initially scheduled for June

3, 2022 and statutory notices were sent to all interested parties, including VS

Developing and the Stelmakhs. On June 2, VS Developing filed a petition for

bankruptcy in the United States Bankruptcy Court in the Western District of

Washington. The bankruptcy court dismissed the petition, and on June 27, VS

Developing filed another bankruptcy action, which was also dismissed. 4 As a

result of those proceedings, the trustee’s sale was postponed and ultimately

rescheduled for August 19.

The trustee again sent statutory notices pursuant to RCW 61.24.040 to all

of the parties. VS Developing neither objected nor sought to enjoin the sale. On

August 19, the sale of the subject property occurred on the steps of the Snohomish

County Courthouse. Though representatives for VS Developing, its attorney and

Viktoria, were present at the trustee’s sale, neither objected or otherwise raised

any issue with the sale. The sole bidder was BRMK Lending, which, operating

through its subsidiary, BRMK PP, received the trustee’s deed and became the

owner of the subject property. Pursuant to RCW 61.24.060(1), BRMK PP was

entitled to possession of the property 20 days after the sale, September 8, 2022.

4 Those cases were In re VS Dev., LLC, Case No. 22-10916-MLB (W.D. Wash. June 2,

2022) and In re VS Dev., LLC, Case No. 22-11041-CMA (W.D. Wash. June 17, 2022).

-3- No. 85435-6-I/4

However, the Stelmakhs refused to vacate the property. On October 5,

BRMK PP filed an unlawful detainer action against them and sought a writ of

restitution. On November 14, the trial court ordered the issuance of a writ of

restitution and directed the Snohomish County Sheriff’s Office (SCSO) to remove

the Stelmakhs from the property. On December 14, SCSO restored the subject

property to BRMK PP. After retaining possession of the property and spending

approximately $300,000 to clean and repair the premises in preparation for sale,

BRMK PP accepted a purchase offer for it on May 16, 2023 and scheduled the

closing of the sale for June 15.

On May 18, 2023, VS Developing filed a complaint against BRMK PP and

HW alleging violations of ch. 61.24 RCW, the foreclosure fairness act, more

commonly referred to as the deeds of trust act or “DTA,” and ch. 19.86 RCW, the

Consumer Protection Act (CPA), seeking injunctive relief to prevent the scheduled

sale and to quiet title to the property. VS Developing claimed that BRMK PP

violated the DTA by assigning its counsel, HW, as the successor trustee for the

subject property and contended that HW “had no authority to foreclose on the

[s]ubject [p]roperty, rendering the sale and the [t]rustee’s [d]eed null and void.”

According to VS Developing, because HW represented BRMK PP as legal

counsel, HW “could not, by definition, fulfill its role of a neutral judicial substitute

and violated the DTA and [CPA] every time it performed any act as the trustee in

this case.” VS Developing also filed a lis pendens5 against the subject property.

5 “A ‘lis pendens’ is an ‘instrument having the effect of clouding the title to real property.’”

Guest v. Lange, 195 Wn. App. 330, 336, 381 P.3d 130 (2016) (quoting RCW 4.28.328(1)(a)).

-4- No. 85435-6-I/5

On May 22, 2023, BRMK PP and HW sent an e-mail to counsel for VS

Developing to provide notice of its request that it “dismiss its [c]omplaint and

withdraw its [l]is [p]endens immediately.” BRMK PP explained that the claims in

VS Developing’s complaint, which centered on the assertion that it was a violation

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