Wells Fargo Bank, National Association v. Ledesma Cortez

CourtDistrict Court, S.D. Texas
DecidedMay 1, 2025
Docket1:24-cv-00121
StatusUnknown

This text of Wells Fargo Bank, National Association v. Ledesma Cortez (Wells Fargo Bank, National Association v. Ledesma Cortez) is published on Counsel Stack Legal Research, covering District Court, S.D. Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Wells Fargo Bank, National Association v. Ledesma Cortez, (S.D. Tex. 2025).

Opinion

IN THE UNITED STATES DISTRICT COURT May 01, 2025 FOR THE SOUTHERN DISTRICT OF TEXAS Nathan Ochsner, Clerk BROWNSVILLE DIVISION

WELLS FARGO BANK, § NATIONAL ASSOCIATION § as Trustee for ABFC 2006-OPT2 Trust, § Asset Backed Funding Corporation § Asset Backed Certificates, § Series 2006-OPT-2, § Plaintiff, § § v. § CIVIL ACTION NO. 1:24-cv-121 § LAURA LEDESMA CORTEZ, et al., § Defendants. §

REPORT AND RECOMMENDATION TO GRANT DEFAULT JUDGMENT AND AWARD FEES

I. Synopsis Wells Fargo seeks to foreclose on property in Cameron County, Texas after the debtor, Ruben Cortez, Sr. (now deceased) and his wife Laura Ledesma Cortez stopped paying their mortgage. After notifying Laura and the heirs of Ruben, Sr. of the suit to foreclose, Laura and two of their children Jeremiah Sebastian Cortez and Lillian Yvette Cortez did not answer the lawsuit. Therefore, Wells Fargo is entitled to default judgment against Laura, Jeremiah, and Lillian and ultimately, foreclose on the Cameron County property. II. Jurisdiction The Court has subject matter jurisdiction pursuant to Pursuant to 28 U.S.C. 1332 based on the diverse citizenship of the parties and the matter in controversy exceeding the required amount. Venue is appropriate in this division as it concerns real property located in the territorial jurisdiction served by this Court. 28 U.S.C. §1391(b)(2); See also Tex. Civ Prac. & Rem. Code § 150.011 (stating “actions for recovery of real property or an estate or Page 1 of 15 interest in real property, for partition of real property, to remove encumbrances from the title to real property, for recovery of damages to real property, or to quiet title to real property shall be brought in the county in which all or a party of the property is located”). Pursuant §636(b)(1), this case was referred to the undersigned United States Magistrate Judge to conduct all pretrial proceedings. Dkt. No. 6. III. Background In their complaint, Plaintiff Wells Fargo Bank, National Association (“Wells Fargo”) alleges that in 2006, Ruben Cortez (“Cortez, Sr.”) as a borrower executed a Texas Home Equity Note. Dkt. No. 1, p. 5; Dkt. No 1-1. Pp. 1-4 (note). Concurrently, both Cortez, Sr. and his wife Laura Ledesma Cortez (“Laura”) executed a Deed of Trust granting a security interest to Option One Mortgage Corporation. Dkt. No. 1, p. 5; Dkt. No. 1-1, pp. 5-22 (deed of trust). Taken together these two documents form the “Loan Agreement.” The Loan Agreement concerns the real property and improvements commonly known as 19159 Chinaberry Rd., Harlingen, Texas 78552 and is more particularly described as follows: LOT TEN (10), TEXAS VETERANS ESTATES NO. ONE (1), CAMERON COUNTY, TEXAS, ACCORDING TO THE MAP THEREOF RECORDED IN CABINET 1, SLOT 725-A AND 725-B, MAP RECORDS OF CAMERON COUNTY, TEXAS (herein referred to as the “Property”).

Dkt. No. 1, p. 3. In 2019, Option One Mortgage Corporation transferred and assigned the Loan Agreement to Wells Fargo in care of PHH Mortgage Corporation (“PHH”). Dkt. No. 1-1, p. 27-8. (assignment). PHH acted as Wells Fargo’s mortgage servicer and collected payments on the Property. Id. Wells Fargo is the “current holder of the Note, and beneficiary of the Security Instrument.” Dkt. No. 1, p. 6. Cortez, Sr. passed away in 2022, and Laura defaulted on the Loan Agreement in early 2024. Dkt. No. 1-1, pp. 31-36. In July 2024, Wells Fargo through PHH, accelerated the Loan Agreement per its terms. Dkt. No. 1-1, pp. 37-40 (loan maturity notices). Wells Fargo subsequently identified five heirs, in addition to Laura, who acquired Cortez, Sr.’s interest in the Property: Jeremiah Sebastian Cortez (“Jeremiah”), Lillian Yvette Cortez (“Lillian”), Amanda Lee Caldwell, Priscilla Marie Sanchez, and Ruben Cortez, Jr (collectively the “Defendants”). Dkt. No. 1, pp. 1-3. Service of process was effectuated as to each individual defendant. Dkt. Nos. 8-13. Defendants Amanda Lee Caldwell, Priscilla Marie Sanchez, and Ruben Cortez, Jr., each disclaimed their interest in the Property, and the Court issued an agreed judgment to that effect. Dkt. No. 34. The remaining defaulting defendants Laura, Jeremiah, and Lillian failed to answer or otherwise appear at any of the Court’s scheduled hearings. See Minute Entries for October 16, 2024, and December 18, 2024. The Clerk of Court entered default against Laura, Jeremiah, and Lillian on January 16, 2025. Dkt. No. 36. About a month later, Wells Fargo filed a motion for default judgment against these defaulting defendants. Dkt. No. 37. The Court held an evidentiary hearing to prove up the default and provide a final opportunity for Laura, Jeremiah, and Lillian to appear; they remain absent. See Minute Entry dated April 3, 2025. At the hearing, the Court ordered supplemental briefing on attorneys’ fees and court costs, and Wells Fargo then timely filed the requested briefing. Id.; Dkt. No. 46 (fee brief). All told, Wells Fargo seeks a final judgment declaring: (1) Wells Fargo is the mortgagee of the Security Instrument; (2) The Deed of Trust is a valid and subsisting home equity lien against the Property; (3) Ruben Cortez, Sr., deceased, is in default on the loan; (4) Laura Ledesma Cortez, co-borrower, is in default on the loan; (5) Wells Fargo is entitled to enforce its in rem interest against the Property through non-judicial foreclosure of the Property and under the terms of the Security Agreement, the Texas Constitution, and §51.002 of the Texas Property Code by conducting a public auction of the Property in with all regularly scheduled non-judicial foreclosure sales on the first Tuesday of the month; (6) Wells Fargo is entitled to the outstanding balance of the Note, pre-judgment interest, and post-judgment interest from the date of judgment until paid, all of which is secured by the Security Instrument; (7) Wells Fargo is entitled to attorneys’ fees and court costs as allowed under the Note, Security Instrument, and Texas Civil Practices and Remedies Code; (8) All conditions precedent to foreclose on the Property occurred; and (9) Wells Fargo may further communicate with Defendants and all third parties reasonably necessary to conduct the foreclosure sale. Wells Fargo provides copies of the Loan Agreement, Notice of Default, and Notice of Acceleration to demonstrate compliance with the procedural requisites contained in the Texas Property Code. See Dkt. No. 1-1, pp. 1-42. IV. Standard of Review for Default Judgment under Fed. R. Civ. P. 55(b) Obtaining an entry of default judgment is a three-step process: (1) default by the defendant; (2) entry of default by the Clerk’s office; and (3) entry of a default judgment. Bieler v. HP Debt Exch., LLC, 2013 WL 3283722, at *2 (N.D. Tex. June 28, 2013) (citing New York Life Ins. Co. v. Brown, 84 F.3d 137, 141 (5th Cir. 1996). Defendants Laura, Jeremiah, and Lillian defaulted by failing to answer or otherwise defend against Wells Fargo’s claim. Dkt. No. 37, p. 3. Entry of default against Laura, Jeremiah, and Lillian has been made by the Clerk. Dkt. No. 36. The only remaining question is whether the third step—entry of default judgment—is appropriate. Federal Rule of Civil Procedure 55(b) authorizes entry of default judgment with court approval. It is a drastic remedy, resorted to only in extreme situations. Sun Bank of Ocala v. Pelican Homestead & Sav. Ass’n, 874 F.2d 274, 276 (5th Cir. 1989).

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