Source: https://www.scribd.com/document/71200542/In-Re-Balderman-v-Deutche-Bank
Timestamp: 2019-04-23 23:05:26
Document Index: 254540664

Matched Legal Cases: ['§ 506', '§ 506', '§ 506', '§ 157', '§ 157', '§ 506', '§ 506', '§ 549', '§ 547', '§ 548', '§ 548', '§ 547', '§ 548', '§ 547', '§ 673', '§ 502', '§ 673', '§ 549', '§ 549', '§ 65', '§ 506', '§ 506', '§ 506', '§ 65']

In Re Balderman v Deutche Bank | Bankruptcy In The United States | Chapter 7
Uploaded by luke17
Spectrum Analyitcal Bankruptcy Application
10000000963
Voluntary Petition 1-08
Rapid American Chapter 11 Petition March 2013 - asbestos bankruptcy
MicroMed Petition
Forest Park Realty Partners, Chapter 11 Petition
In Re Allied Mechanical Services, Inc., Debtor. United States of America v. David W. Cranshaw, Trustee, 885 F.2d 837, 11th Cir. (1989)
peticion quiebra telexfree
10000002263
In Re: John Fickling, Debtor. John Fickling, Debtor-Appellee v. Flower, Medalie & Markowitz, Esqs., 361 F.3d 172, 2d Cir. (2004)
UNITED STATES BANKRUPTCY COURT MIDDLE DISTRICT OF FLORIDA ORLANDO DIVISION In Re: MARIA RENEE BALDERRAMA, Debtor.
_________________________________/ CARLA P. MUSSELMAN, Trustee of the Bankruptcy Estate of Maria Renee Balderrama, Plaintiff, v. Deustche Bank Trust Company Americas, in trust for Residential Accredit Loans, Inc. Mortgage Asset-Backed Pass-Through Certificates, Series 2007-QH5, Defendant. _________________________________/ FIRST AMENDED COMPLAINT TO VALUE SECURED CLAIM PURSUANT TO § 506(a) AND QUIET TITLE IN REAL PROPERTY IN THE ESTATE Amended to change the Defendant from Aurora Loan Services to Deutsche Bank as Trustee COMES NOW CARLA P. MUSSELMAN, CHAPTER 7 TRUSTEE (the “Trustee”), Plaintiff, and files this Complaint against DEUSTCHE BANK TRUST COMPANY AMERICAS, IN TRUST FOR RESIDENTIAL ACCREDIT LOANS, INC. MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES, SERIES 2007-QH5 (the Adv. Proc. No. 6:10-ap-00245 Case No. 6:10-bk-07828-KSJ Chapter 7
“Defendant”), and states: NATURE OF THE CASE 1. This Complaint seeks pursuant to 11 U.S.C. § 506(a) to value the secured
claims of the Defendant, at $0.00, to avoid any alleged liens pursuant to 11 U.S.C. §§
First Amended Complaint to Value Secured Claim and Quiet Title In re Balderrama; Case No. 6:10-bk-07828-KSJ; AP No. 6:10-ap-00245 Page 1 of 9
§§ 506. arises in. GENERAL ALLEGATIONS 1. in the United States Bankruptcy Court for the Middle District of Florida. At the time of filing.C. Florida 32955 (the “Property”). 544. and relates to cases under Title 11. 548 and 549. This Court has subject matter jurisdiction over this adversary proceeding.C. Case No. FLORIDA. AP No. Orlando Division (the "Court"). 544. Case No. 2010.S. VENUE AND JURISDICTION 2.S. which arises under Title 11. 547.C. ACCORDING TO THE PLAT THEREOF AS RECORDED IN PLAT BOOK 48.506(d). legally described as follows: LOT 3.S. First Amended Complaint to Value Secured Claim and Quiet Title In re Balderrama. 6:10-ap-00245 Page 2 of 9 . 6:10-bk-07828. 548 and 549. PAGE(S) 72. Rockledge. 4. which by operation of law became property of the bankruptcy estate. 547. The claims and causes of action set forth herein concern the determination. This adversary proceeding is a "core" proceeding to be heard and determined by the Bankruptcy Court pursuant to 28 U. OF THE PUBLIC RECORDS OF BREVARD COUNTY. § relief under Chapter 7 of the United States Bankruptcy Code. the Debtor owned and was in possession of the Property. allowance. 3. 2. disallowance. OF CHELSEA PARK UNIT 7 A S/D OF A PORT OF SEC 22 & A. 1409. avoidability and amount of claims under 11 U. § 157(b)(2). 6:10-bk-07828-KSJ. and to quiet title in real property located at 398 Tunbridge Drive.S. §§ 157 and 1334(b). pursuant to 28 U. On May 6.C. the Debtor filed in this Court a voluntary petition for Venue is proper in the Middle District of Florida pursuant to 28 U. IN BLOCK G.
2010. specifies an Ocala. the Defendant filed its Motion for Relief from Automatic Stay and Notice of Opportunity to Object and for Hearing (Main Case Doc. First Amended Complaint to Value Secured Claim and Quiet Title In re Balderrama. The assignment of mortgage. In this Amended Complaint. 6:10-bk-07828-KSJ. Aurora Loan Services. this Court found that insufficient evidence had been provided to support relief. The Assignment was executed on February 26. Florida address for MERS but has been notarized in Nebraska. 2010. the Mortgage identifies MERS as the mortgagee. and that entity filed the Motion. attached to the Defendant’s Motion for Relief (the “Assignment”). 29).3. 7. and not in favor of the Defendant. the Trustee filed her Objection to Motion for Relief from Stay of Aurora Loan Services. 8. attached to the Defendant’s Motion for Relief (the “Mortgage”). but limits the interest of MERS by stating that “MERS holds only legal title to the” Mortgage. LLC (Main Case Doc. LLC was the purported owner and holder of the note and mortgage. is executed in favor of the Originator. On August 16. No. allegedly transferring the interest in the mortgage contract from MERS to the Defendant. and denied the Defendant’s Motion. Subsequently. The subject mortgage. 22) (the “Motion”) as to the Property. the term “Defendant” shall be used interchangeably for Aurora and Deutsche. At the final evidentiary hearing on September 21. Furthermore. 2007. AP No. 2010. Case No. 6:10-ap-00245 Page 3 of 9 .1 4. On September 3. No. The Debtor executed the subject loan on April 13. 9. 1 At the time of filing the Motion for Relief. Aurora disclosed that it was acting as an agent for Deutsche Bank at the time the Motion was filed. 5. 2009. 6.
no designated payee). 12. it bears no “Allonge”). 13.e. The allonge was executed separately from the Note. is executed in favor of “First National Bank of Arizona” (the “Originator”). unwitnessed. endorsements. Second. 11. The subject note. The allonge is undated. the allonge allegedly negotiates the interest in the Note from the Originator to the First National Bank of Nevada. attached to the Defendant’s Motion for Relief (the Even though there is ample room on the face of the Note. 6:10-bk-07828-KSJ. Case No. purports to negotiate the interest in the note two times. AP No. 6:10-ap-00245 Page 4 of 9 .10. The allonge improperly attempts to negotiate the Note twice. and not in favor of the Defendant. A person having appropriate authority never properly executed the First Amended Complaint to Value Secured Claim and Quiet Title In re Balderrama. and is void and has failed to transfer any interest. attached to the Defendant’s Motion for Relief (the “Note”). allonge. purporting to make the Note a bearer instrument enforceable by any holder. 14. 20. and not notarized. The Assignment was not executed as part of any bona fide transfer of an interest in the subject mortgage contract but rather was prepared solely for purposes of litigation. First. The allonge. 16. 18. 15. The allonge was never permanently affixed to the Note. 17. 19. when an allonge may only be used for a single transfer. the allonge allegedly negotiates the interest in the Note from the First National Bank of Nevada to “blank” (i.
AP No.S. 29. The Defendant has failed to provide the Trustee with evidence that it holds a legal and enforceable secured interest in the Property. 24.C. anyone. Case No.C.S.21. 23. 25. the Defendant never paid reasonable consideration to acquire the loan. 506(d). Because it has no allowable secured claim against the Debtor. and its secured claim must be valued at zero dollars ($0. Upon information and belief. is avoided pursuant to 11 U. 27. 6:10-bk-07828-KSJ.S. Therefore.C.C.00) pursuant to 11 U. First Amended Complaint to Value Secured Claim and Quiet Title In re Balderrama. to the extent any such lien exists. 6:10-ap-00245 Page 5 of 9 . 506(a). the Defendant cannot show that it has any allowable secured claim pursuant to 11 U. Defendant’s lien. 22. The allonge is not a document executed as part of any bona fide transfer of an interest in property but rather is a document prepared expressly for purposes of litigation. The Defendant cannot provide a complete chain of title for the subject The allonge is void and fails to transfer any interest in the Note to loan transaction. § 506) 26. Paragraphs 1-25 are re-alleged and re-plead herein. CLAIMS FOR RELIEF COUNT I (Valuation of Secured Claim and Avoidance of Alleged Lien Pursuant to 11 U.S. 28. The Defendant is unable to prove that it is the lawful owner of the Note and Mortgage allegedly securing the Property. § 506(a).
C. Case No. COUNT IV (Avoidance of Alleged Lien Pursuant to § 549 as a Postpetition Transaction) 36. delay. § 547. Paragraphs 1-25 are re-alleged and re-plead herein. on or within 90 days of the filing of the petition.C. 31.COUNT II (Avoidance of Alleged Lien Pursuant to § 548 as a Fraudulent Transfer) 30. was on account of an antecedent debt. Paragraphs 1-25 are re-alleged and re-plead herein. § 548. 6:10-ap-00245 Page 6 of 9 . intended to enable the Defendant to receive more than its unsecured position should enable it to receive. 32. 6:10-bk-07828-KSJ. such interest should be avoided pursuant to 11 U. To the extent that the Defendant has any secured interest in the Property. such interest should be avoided pursuant to 11 U.S. COUNT III (Avoidance of Alleged Lien Pursuant to § 547 as a Preference) 33. where the transfer was intended to benefit the Defendant. To the extent that the Defendant has any secured interest in the Property. AP No. The Defendant’s actions in attempting to perfect its secured status in the Property constitute a fraudulent transfer pursuant to 11 U. or defraud other creditors of the estate. 35.S. First Amended Complaint to Value Secured Claim and Quiet Title In re Balderrama. Paragraphs 1-25 are re-alleged and re-plead herein.C. which actions sought to hinder.S. § 548. made while the Debtor was insolvent.C. § 547.S. The Defendant’s actions in attempting to perfect its secured status in the Property constitute an avoidable preference pursuant to 11 U. 34.
§ 673. The Plaintiff Objects to the Claim. COUNT V (Valuation of Secured Claim and Avoidance of Alleged Lien Pursuant to § 502) 39. F. in that the postpetition transactions were not authorized by this Court.3021 states the elements required to demonstrate that a lender is an owner and holder in due course: 673. § 673. COUNT VI (Defendant is not a Holder in Due Course Pursuant to F. 41. [T]he term "holder in due course" means the holder of an instrument if: (a) The instrument when issued or negotiated to the holder does not bear such apparent evidence of forgery or alteration or is not otherwise so irregular or incomplete as to call into question its authenticity.S. . Defendant has no standing to assert a claim against the Estate pursuant to the Court’s Order. 38. . § 549. Defendant did not have possession of the Note and Mortgage to enforce its obligation on the petition date. 43. 6:10-bk-07828-KSJ. Defendant’s claim should be disallowed in full.S.C.37.S. Paragraphs 1-25 are re-alleged and re-plead herein. § 549.S. 40. and First Amended Complaint to Value Secured Claim and Quiet Title In re Balderrama. such interest should be avoided pursuant to 11 U. AP No.3021 Holder in due course. The Defendant’s actions in attempting to perfect its secured status in the Property are avoidable pursuant to 11 U.302) 44. 42. 6:10-ap-00245 Page 7 of 9 . Case No. To the extent that the Defendant has any secured interest in the Property.-(1) . 45.C. Paragraphs 1-25 are re-alleged and re-plead herein.
Case No. so that the Property can be sold for the benefit of the unsecured creditors of the Estate. Without notice that the instrument contains an unauthorized signature or has been altered[. this Court should determine the title of Plaintiff as against Defendant and enter judgment quieting the title of. 50. 6:10-ap-00245 Page 8 of 9 . In good faith. in good faith. 47. For value. this Court should find that Defendant is not a holder in due course of the subject Note and Mortgage. Pursuant to Florida Statutes § 65.(b) The holder took the instrument: 1. 49. COUNT VII (Action to Quiet Title as to the Property in the Estate) 48. and lacks any secured interest in the Property. Because Defendant has no lien or its lien has been avoided pursuant to §§ 506(d).011. and/or 549. Paragraphs 1-25 are re-alleged and re-plead herein. Defendant has not proved that it took the subject loan for value. 3. 6:10-bk-07828-KSJ. 2.] 46. Without notice that the instrument is overdue or has been dishonored or that there is an uncured default with respect to payment of another instrument issued as part of the same series. or without notice of the uncured default. 547. First Amended Complaint to Value Secured Claim and Quiet Title In re Balderrama. title in the property should be vested in the Estate. 548. and awarding possession to the Plaintiff. and in support of such judgment should enter such injunctions or additional orders as are necessary to protect the rights of the parties. 4. AP No. Therefore. and because there is no other entity who has filed a claim or is capable of filing a claim against the Property.
Attorneys for Defendant. Dated this 4th day of January. Suite 500.00) pursuant to § 506(a). FL 33401.PRAYER FOR RELIEF WHEREFORE. AP No. Florida 32601 tel 866. 6:10-bk-07828-KSJ.3870 net jchilders@smartbizlaw. the Trustee respectfully requests that this Court grant the following relief against Defendants. 2011. 6:10-ap-00245 Page 9 of 9 . (b) avoid any lien that may be allegedly held by Defendant against the property pursuant to §§ 506(d).996. Florida Bar No. 548. Miller. . 61112 First Amended Complaint to Value Secured Claim and Quiet Title In re Balderrama. and (f) for such all and further relief as this Court should deem necessary and appropriate. Esq. West Palm Beach. I HEREBY CERTIFY that a true and correct copy of the foregoing was served via CM/ECF this date to Daniel A. Case No. (c) quiet title in the Property pursuant to Florida Statutes § 65.6104 fax 407. Childers. (e) award fees and costs to Plaintiff. 547. Suite C Gainesville. (d) enter such orders as necessary to reflect free and clear ownership in the Property in the Estate such that the Property may be administered by the Trustee for the benefit of unsecured creditors of the Estate. One North Clematis Street. Broad and Cassel. and enter such orders as necessary to provide the requested relief: (a) value the secured claim of Defendant in the Property as zero dollars ($0. and/or 549.011.209. Sixth Street Executive Center 1330 NW Sixth Street.com /s/ Seldon J.
Documents Similar To In Re Balderman v Deutche Bank
More From luke17
Request for Admissions Directed at American Express Centurion Bank
Amended Complaint Equus Partnership
DBP vs. MIRANG - Redemption Price for a Mortgaged and Foreclosed Properties
Model Test Paper for Law Officer Legal Officer Jobs in Various PSU Companies in India
Courts(Forumshopping) ManipudvsBautista Mar2009
Gowri Sha
6. Vitangcol vs New Vista Properties
Adversepossession e
73 - Mendoza vs Kalaw, G.R. No. L-16420 (October 12, 1921)
3- East Furniture v. Globe Rugters
7th Sem Project List
omegamanjohn