White v. Molnar Trust

2022 Ohio 1976
CourtOhio Court of Appeals
DecidedJune 10, 2022
DocketOT-21-022
StatusPublished

This text of 2022 Ohio 1976 (White v. Molnar Trust) is published on Counsel Stack Legal Research, covering Ohio Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
White v. Molnar Trust, 2022 Ohio 1976 (Ohio Ct. App. 2022).

Opinion

[Cite as White v. Molnar Trust, 2022-Ohio-1976.]

IN THE COURT OF APPEALS OF OHIO SIXTH APPELLATE DISTRICT OTTAWA COUNTY

Russell White, et al. Court of Appeals No. OT-21-022

Appellants/cross-appellees Trial Court No. 15CV236

v.

Gene F. & Mary E. Molnar Trust, et al. DECISION AND JUDGMENT

Appellees/cross-appellants Decided: June 10, 2022

*****

Kenneth R. Resar, for Appellees/cross-appellants

Jack Morrison, Jr. and Nathan P. Woodward, for Appellants/cross-appellees

MAYLE, J.

{¶ 1} Plaintiffs-appellants, Russell White, Betty Oprian, David Barsan, and Anita

Barsan (appellants), appeal the July 27, 2021 judgment of the Ottawa County Court of

Common Pleas, finding in favor of appellants on their replevin/conversion claim and

awarding $0 in damages, and denying appellants’ request for attorney fees. Defendants-

appellees, the Gene F. Molnar Trust, the Mary E. Molnar Trust, and Gene and Mary

Molnar, as trustees and individually (appellees), asserted a cross-appeal of the same judgment, challenging the trial court’s judgment in favor of appellants on the

replevin/conversion claim, as well as the judgment dismissing appellees’ claims for

fraudulent transfer and civil conspiracy.

{¶ 2} For the following reasons, we find the trial court abused its discretion in

dismissing appellees’ fraudulent transfer claim. Because this claim is dispositive of the

issues on appeal, we reverse the judgment of the trial court.

I. Background

{¶ 3} The issues in this appeal concern a marina business, with events spanning

several years. We address only the facts pertinent to the issues addressed on appeal.

A. Appellants acquire and operate the marina business

{¶ 4} Appellees constructed the marina and operated the business as NE Port

Marina from 1985 until 2008. In 2008, appellants formed NE Port Investments, LLC

(NE Port) for the purpose of acquiring the marina property from appellees. Appellees

conveyed the marina property to NE Port in exchange for $2 million. To secure funding

for the purchase, NE Port obtained a loan in the amount of $1.2 million from First

National Bank of Bellevue (the Bank), secured by a first mortgage to the Bank.

Appellees financed the remaining $800,000 of the purchase price, secured by a

promissory note and second mortgage, issued by NE Port to appellees. The parties

recorded the notes and mortgages.

{¶ 5} Appellants all reside in Summit County, and they appointed William Brown

as NE Port’s manager. Brown managed with little oversight by appellants, and by the

close of 2011, NE Port was facing default on its note with the Bank. The Bank agreed to

2. a loan modification, extending the maturity date, but only if appellants each executed the

loan modification agreement as co-debtors and provided personal guaranties. On January

3, 2012, appellants executed the loan modification and individual cognovit notes, but NE

Port failed to make payment as required under the terms of the loan modification.

{¶ 6} On March 27, 2012, the Bank obtained a cognovit judgment against each

appellant in Summit County, and subsequently executed on the judgments, garnishing

appellants’ personal bank accounts for a total of $391,741.04. The amount collected by

the Bank did not satisfy the judgment, however, which then totaled over $1.1 million plus

interest.

{¶ 7} In an attempt to resolve the debt owed on the Bank’s judgment, as well as

the amount remaining due on appellees’ note, appellants negotiated a “buy-back” of the

marina property with appellees. On May 17, 2012, the parties executed a purchase

agreement. Appellees agreed to pay $1 million for the marina, with various credits

against the purchase price. NE Port agreed to satisfy the remaining amount owed to the

Bank to release the Bank’s mortgage and to deliver the property free of all liens, and

appellees agreed not to enforce their $800,000 note against NE Port. Based on these

terms, however, appellants and NE Port would have needed additional funds to satisfy the

Bank’s judgment.

{¶ 8} The “buy-back” sale never closed, and on December 14, 2012, appellees

sent a letter to NE Port and counsel for appellants, informing them of rescission, stating

“you are hereby notified that the Molnars [appellees] have elected to rescind and void the

3. Purchase Agreement.” The letter also provided NE Port with notice of default on the

$800,000 note, and included a demand for immediate payment.

B. NE Port loses the marina in foreclosure proceedings

{¶ 9} On January 13, 2013, the Bank filed a foreclosure complaint in Ottawa

County, naming NE Port and appellees as defendants, as well as other parties with an

interest in the property. Appellees filed a cross-claim in foreclosure against NE Port,

seeking judgment on their $800,000 note and second mortgage. Appellants received

notice of the foreclosure proceedings.1 At the Bank’s request, the foreclosure court

appointed a receiver for the marina and the receiver managed the business during the

pendency of the foreclosure proceeding.

{¶ 10} NE Port failed to answer the complaint or cross-claim in foreclosure, and

the Bank and appellees each obtained default judgment against NE Port. The property

was appraised at $2 million and scheduled for a sheriff’s sale on August 30, 2013.

{¶ 11} On August 9, 2013, appellants filed a motion to intervene in the

foreclosure, which was denied as untimely. In affirming, we noted the notice provided to

each appellant as well as the delay in seeking intervention. First Natl. Bank of Bellevue

v. NE Port Invests., LLC, 6th Dist. Ottawa No. OT-13-024, 2014-Ohio-1760 (Bellevue I).

We noted the delay in seeking to intervene until “72 days after final judgment had been

entered and the date for the sheriff’s sale had been scheduled.” Bellevue I at ¶ 11.

1 See First Natl. Bank of Bellevue v. NE Port Invests., LLC, 6th Dist. Ottawa No. OT-13- 024, 2014-Ohio-1760, ¶ 12 (“The record further reflects that [the LLC members] own all of the membership units of NE Port, and that the summons and foreclosure complaint was served upon them in January 2013.”). 4. Furthermore, we remarked on the appellants’ allegation “in their own motion to intervene

that their potential claim arose on October 12, 2012,” the date the Summit County Court

of Common Pleas released the garnished funds to the Bank, totaling $391,741.04. Id. at ¶

12. In concluding appellants’ attempt to intervene in the foreclosure proceeding was

untimely, we found:

The record reflects that by the time the motion for intervention had been

filed, any and all potential interests in the real property had been

established by the court and the matter was set for sheriff’s sale. It is

unmistakable that prejudice would result to the enumerated mortgage and

lienholders if the sale and judgment were vacated to enable the court to

consider [appellants’] claims to establish and prioritize equitable liens.

Id. at ¶ 13.

{¶ 12} On August 30, 2013, appellees purchased the property at sheriff’s sale for

the minimum bid of $1,330,334.00. On November 22, 2013, the foreclosure court

confirmed the sheriff’s sale, and a month later, the Bank received funds sufficient to pay

off the remaining amount due on its loan and filed a satisfaction of its judgment. In

January, 2014, the receiver turned the property over to appellees.

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2022 Ohio 1976, Counsel Stack Legal Research, https://law.counselstack.com/opinion/white-v-molnar-trust-ohioctapp-2022.