Filed: Aug. 23, 2019
Latest Update: Aug. 23, 2019
Summary: ORDER ON MOTION TO COMPEL FILED BY U.S. BANK TRUST, N.A., AS TRUSTEE FOR LSF9 MASTER PARTICIPATION TRUST PETER G. CARY , Bankruptcy Judge . This matter came before the court on the motion of U.S. Bank Trust, N.A. ("U.S. Bank") seeking an order compelling James F. Whittaker to execute a certain quitclaim deed (Docket Entry ("D.E.") 93). Mr. Whittaker objects to the relief sought by U.S. Bank (D.E. 98). After reviewing the pleadings filed by the parties, the arguments presented at the hearing
Summary: ORDER ON MOTION TO COMPEL FILED BY U.S. BANK TRUST, N.A., AS TRUSTEE FOR LSF9 MASTER PARTICIPATION TRUST PETER G. CARY , Bankruptcy Judge . This matter came before the court on the motion of U.S. Bank Trust, N.A. ("U.S. Bank") seeking an order compelling James F. Whittaker to execute a certain quitclaim deed (Docket Entry ("D.E.") 93). Mr. Whittaker objects to the relief sought by U.S. Bank (D.E. 98). After reviewing the pleadings filed by the parties, the arguments presented at the hearing ..
More
ORDER ON MOTION TO COMPEL FILED BY U.S. BANK TRUST, N.A., AS TRUSTEE FOR LSF9 MASTER PARTICIPATION TRUST
PETER G. CARY, Bankruptcy Judge.
This matter came before the court on the motion of U.S. Bank Trust, N.A. ("U.S. Bank") seeking an order compelling James F. Whittaker to execute a certain quitclaim deed (Docket Entry ("D.E.") 93). Mr. Whittaker objects to the relief sought by U.S. Bank (D.E. 98). After reviewing the pleadings filed by the parties, the arguments presented at the hearing on the motion to compel held on August 20, 2019, and the information contained in the dockets of this case and the Massachusetts bankruptcy case of In re Maryrose Whittaker, (Case No.: 17-1267-FJB),1 the court hereby grants the motion to compel as set forth below.
In 2004, Mr. Whittaker and his wife, Maryrose Whittaker, executed a note in the principal amount of $329,365.47 in favor of Household Finance Corporation II and secured their obligations under the note with a mortgage on real estate located on 246 Fiske Street in Holliston, Massachusetts (the "Property") in favor of Household Finance Corporation II. Eight or so years later, Mr. Whittaker filed this chapter 13 bankruptcy case and in January of 2013, his amended chapter 13 plan of reorganization (the "Plan") was finally confirmed (D.E. 59). Paragraph I B of that order treated the secured claim of Household Finance Corporation II (Claim No.: 6-1)2 as follows:
Debtor will surrender the Property upon final confirmation, or by order of court, whichever is sooner. The surrender will be in full satisfaction of the debt. Upon confirmation, Debtor will execute a quit claim deed to claimant, which upon delivery to Claimant shall vest ownership in claimant. (sic).
Over four years after final confirmation, Mr. Whittaker and Ms. Whittaker executed a quitclaim deed dated May 10, 2017 conveying the Property to Household Finance Corporation II. A copy of that deed is attached as Exhibit A to Ms. Whittaker's objection to U.S. Bank's motion to compel filed in her Massachusetts bankruptcy case (D.E. 85 in Case No.: 17-12671-FJB).3 However, for reasons that have not been fully explained, U.S. Bank does not have possession of the original deed required for recording purposes and asks this court to compel Mr. Whittaker to execute a replacement deed which has already been signed by Ms. Whittaker (the "Replacement Deed"). U.S. Bank claims that granting its request will ensure compliance with the confirmation order and will resolve title issues that presently exist with the Property.
This court agrees. U.S. Bank seeks nothing more than what Mr. Whittaker proposed in his Plan and what was ordered by the court: Mr. Whittaker's surrender of the Property by conveying it by quitclaim deed. Mr. Whittaker's execution of the Replacement Deed will bring to an end the uncertainty surrounding title to the Property and will effectuate the intent of the Plan concerning the U.S. Bank claim.
Therefore, the motion to compel is granted. U.S. Bank and Mr. Whittaker shall cooperate with each other to ensure the execution and delivery of the Replacement Deed to U.S. Bank's counsel by September 13, 2019.
