Wells Fargo Bank, Na, Etc. v. Ralph Schiano

CourtNew Jersey Superior Court Appellate Division
DecidedJuly 21, 2025
DocketA-3404-22
StatusUnpublished

This text of Wells Fargo Bank, Na, Etc. v. Ralph Schiano (Wells Fargo Bank, Na, Etc. v. Ralph Schiano) is published on Counsel Stack Legal Research, covering New Jersey Superior Court Appellate Division primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Wells Fargo Bank, Na, Etc. v. Ralph Schiano, (N.J. Ct. App. 2025).

Opinion

NOT FOR PUBLICATION WITHOUT THE APPROVAL OF THE APPELLATE DIVISION This opinion shall not "constitute precedent or be binding upon any court ." Although it is posted on the internet, this opinion is binding only on the parties in the case and its use in other cases is limited. R. 1:36-3.

SUPERIOR COURT OF NEW JERSEY APPELLATE DIVISION DOCKET NO. A-3404-22

WELLS FARGO BANK, NA, AS TRUSTEE FOR PARK PLACE SECURITIES, INC., ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 2004-WHQ2,

Plaintiff-Respondent,

v.

RALPH SCHIANO and ELEANOR SCHIANO,

Defendants/Third-Party Plaintiffs-Appellants,

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION,

Third-Party Defendant,

and

PHH MORTGAGE CORPORATION, SUBSIDIARY OF OCWEN FINANCIAL CORPORATION, AND SUCCESSOR TO OCWEN LOAN SERVICING, LLC, Third-Party Defendant- Respondent. ___________________________________

Argued March 5, 2025 – Decided July 21, 2025

Before Judges Marczyk, Paganelli, and Torregrossa- O'Connor.

On appeal from the Superior Court of New Jersey, Chancery and Law Divisions, Passaic County, Docket Nos. C-000079-19 and L-1884-22.

Michael Confusione argued the cause for appellants (Hegge & Confusione, LLC, attorneys; Michael Confusione, of counsel and on the briefs).

Brian Pantaleo argued the cause for respondents (Greenberg Traurig, LLP, attorneys; Brian Pantaleo, on the brief).

PER CURIAM

Plaintiff Wells Fargo Bank, NA, as Trustee for Park Place Securities, Inc.,

Asset-Backed Pass-Through Certificates Series 2004-WHQ2 (the trust), filed a

complaint against defendants Ralph and Eleanor Schiano 1 to reinstate

defendants' mortgage, which plaintiff owned and claimed had been inadvertently

discharged. In response, defendants argued plaintiff never validly owned the

1 Because defendants share the same last name, we refer to them by their first names to avoid confusion. We intend no disrespect in doing so.

A-3404-22 2 mortgage, and counterclaimed seeking to quiet title and asserting claims for

mortgage fraud, slander of title, and intentional infliction of emotional distress.

The Chancery Division initially reinstated the mortgage and later

determined that plaintiff was the legal owner of the loan and dismissed

defendants' quiet title claim. The matter was then transferred to the Law

Division, which granted plaintiff's motion for summary judgment, dismissed

defendants' counterclaims, and awarded plaintiff attorney's fees.

Defendants appeal from the Chancery Division orders reinstating

plaintiff's mortgage nunc pro tunc and dismissing their quiet title action. They

also appeal the Chancery Division's order denying their motion for

reconsideration. They further challenge the Law Division's order granting

plaintiff's summary judgment motion dismissing their counterclaims. Next, they

contest the Law Division's decision to deny both their motion to file an amended

pleading and motion for reconsideration as to the dismissal of their

counterclaims. Finally, defendants challenge the Law Division's award of

contractual attorney's fees. Following our review of the record and the

applicable legal principles, we affirm.

I.

Defendants purchased a home in Wayne in 1987, securing the property

A-3404-22 3 with a note and mortgage. In October 2004, they refinanced the mortgage,

executing a note in the amount of $353,000 in favor of Argent Mortgage

Company, LLC (Argent). Argent secured the note with a mortgage. Section 9

of the mortgage agreement entitled the lender to attorney's fees in the event of

litigation to protect the lender's interest in the property. Argent later assigned

the loan to Ameriquest Mortgage Company (Ameriquest), and thereafter,

Ameriquest assigned the loan to plaintiff in late 2004. Plaintiff's loan servicer

subsequently mistakenly discharged the mortgage, and the Passaic County Clerk

recorded the discharge in June 2019.

In July 2019, plaintiff filed a complaint against defendants seeking

reinstatement nunc pro tunc of defendants' mortgage, alleging it had been

mistakenly discharged. Defendants filed an answer, counterclaim, and third-

party complaint against JPMorgan Chase Bank, NA, (Chase Bank) 2 and PHH

Mortgage Corporation (PHH), which included a quiet title claim. Plaintiff filed

an answer and crossclaim for attorney's fees pursuant to the mortgage

agreement.

2 Defendants alleged Chase Bank was the custodian/collateral holder of their loan since 2000. Chase Bank was dismissed from the case in April 2021 and is not participating in this appeal.

A-3404-22 4 In April 2021, the Chancery Division granted plaintiff's motion for

summary judgment and reinstated the mortgage nunc pro tunc. During a

conference that preceded the quiet title trial, Eleanor testified that plaintiff did

not own the loan, that she and Ralph had made numerous phone calls to Wells

Fargo over the years, and that Wells Fargo did not have any knowledge of their

loan. She stated defendants wanted to know who the mortgagee was so that they

could refinance. However, she also testified "[t]here's no mortgage to pay off."

The Chancery Division later noted it found Eleanor credible and that she wanted

to know what entity owned the loan so she could refinance it.

In July 2022, the Chancery Division conducted a bench trial regarding

defendants' quiet title claim. Plaintiff alleged that it was the current owner of

the mortgage. William Fay, an employee of Computer Share Trust Company

(CSTC), the current agent for Wells Fargo, testified that Wells Fargo was the

trustee of the investor trust. Fay had previously worked for Wells Fargo as a

special account consultant before CSTC became Wells Fargo's agent. Fay

testified that the original loan had been an Argent loan and that Argent had

transferred the note and the mortgage to Ameriquest, which, in turn, transferred

the note and mortgage into the trust in 2004. He testified plaintiff owned the

loan.

A-3404-22 5 Regarding loan payments, Fay testified the accounts receivable ledger

reflected that defendants made every payment on their loan. He also testified

the subsequent assignment of the mortgage to plaintiff was the last recorded

assignment and that plaintiff was the entity entitled to receive payments under

the loan. Plaintiff entered the recorded assignment into evidence, including the

assignment from Ameriquest to plaintiff.

Plaintiff's next witness, Benjamin Verdooren, an employee of PHH's

parent company, Ocwen Financial Corporation, provided supporting testimony

that Argent serviced the loan from its origination until December 2004 .

Verdooren testified further that defendants' loan had been in litigation since

2009, and stated that PHH currently serviced defendants' loan, accepting

payments on behalf of the trust, the owner of the loan. The loan was previously

serviced by Ocwen Loan Servicing, which was merged into PHH. He testified

the loan was not in default while Ocwen was servicing the loan.

Verdooren also provided details as to the location of the physical note,

explaining that over the course of the loan, the original note might be held by

the loan servicing company or by attorneys representing the investor trust during

litigation. He also stated that as of the trial date, PHH was working to rescind

Free access — add to your briefcase to read the full text and ask questions with AI

Related

D'Atria v. D'Atria
576 A.2d 957 (New Jersey Superior Court App Division, 1990)
Mayflower Industries v. Thor Corp.
83 A.2d 246 (New Jersey Superior Court App Division, 1951)
Green v. New Jersey Manufacturers Insurance
734 A.2d 1147 (Supreme Court of New Jersey, 1999)
Kernan v. One Washington Park Urban Renewal Associates
713 A.2d 411 (Supreme Court of New Jersey, 1998)
Friedman v. Monaco and Brown Corp.
610 A.2d 885 (New Jersey Superior Court App Division, 1992)
Segal v. Lynch
993 A.2d 1229 (New Jersey Superior Court App Division, 2010)
PORT LIBERTE HOMEOWNERS ASSOC., INC. v. Sordoni Const. Co.
924 A.2d 592 (New Jersey Superior Court App Division, 2007)
Matter of Trust Created by Agreement Dated December 20, 1961
944 A.2d 588 (Supreme Court of New Jersey, 2008)
Fisher v. Yates
637 A.2d 546 (New Jersey Superior Court App Division, 1994)
FRANKLIN MED. v. Newark Public Sch.
828 A.2d 966 (New Jersey Superior Court App Division, 2003)
Kaufman v. I-Stat Corp.
754 A.2d 1188 (Supreme Court of New Jersey, 2000)
Fox v. Mercedes-Benz Credit Corp.
658 A.2d 732 (New Jersey Superior Court App Division, 1995)
Caruso v. Ravenswood Developers, Inc.
767 A.2d 979 (New Jersey Superior Court App Division, 2001)
Litton Industries, Inc. v. IMO Industries, Inc.
982 A.2d 420 (Supreme Court of New Jersey, 2009)
Lone v. Brown
489 A.2d 1192 (New Jersey Superior Court App Division, 1985)
Iliadis v. Wal-Mart Stores, Inc.
922 A.2d 710 (Supreme Court of New Jersey, 2007)
Notte v. Merchants Mutual Insurance
888 A.2d 464 (Supreme Court of New Jersey, 2006)
McConkey v. Aon Corp.
804 A.2d 572 (New Jersey Superior Court App Division, 2002)
Packard-Bamberger & Co., Inc. v. Collier
771 A.2d 1194 (Supreme Court of New Jersey, 2001)

Cite This Page — Counsel Stack

Bluebook (online)
Wells Fargo Bank, Na, Etc. v. Ralph Schiano, Counsel Stack Legal Research, https://law.counselstack.com/opinion/wells-fargo-bank-na-etc-v-ralph-schiano-njsuperctappdiv-2025.