Opinion ID: 2716735
Heading Depth: 3
Heading Rank: 1

Heading: The Homesales Deeds

Text: ¶29 In three of the foreclosure cases, Chase assigned its interest to Homesales during the confirmation hearings. The order confirming the sheriff's sale in each of those cases recites that Chase in open court acknowledged receipt from Homesales, Inc. of good and valuable consideration. . . . The summary judgment record shows that Homesales was a wholly owned subsidiary of Chase at the time of the transfer. The record does not show the amount of the good and valuable consideration exchanged between the parent corporation and its subsidiary. Because there is nothing in the summary judgment record to show whether the consideration paid by Homesales exceeded the statutory minimum, the district court could not, and we cannot determine whether the property involved in these transactions was sold for purposes of section 3201(A) of the DSTA. An appellate court cannot take notice of any document or evidentiary material which the trial court did not have. . . . In addition, it is not the duty of the appellate court on review to make first instance determinations of disputed law or fact issues. Evers v. FSF Overlake Assocs ., 2003 OK 53, ¶ 18, 77 P.3d 581, 587 (citations omitted). Because the Counties have not established that the properties conveyed to Homesales were sold, they have not shown that documentary taxes are due and that they are entitled to judgment with respect to these conveyances.