Fifth Third Mtge. Co. v. Wizzard
2014 Ohio 73
Ohio Ct. App.2014Background
- Fifth Third Mortgage Company filed foreclosure against Maureen Wizzard on the Property and obtained a Judgment Entry and Decree in Foreclosure.
- The Property was appraised by three disinterested appraisers upon actual view and valued at $240,000.
- The sheriff sold the Property to a disinterested third party on January 10, 2013 for $213,500 (about 89% of the appraised value).
- Wizzard appealed the judgment (CA2012-11-226) but did not post a supersedeas bond, so no stay of execution was in effect.
- The trial court granted a nunc pro tunc Confirmation Entry of Sale and Distribution of Proceeds on February 25, 2013, which this court reviewed.
- Wizzard argued lack of jurisdiction to confirm sale during appeal and claimed the appraisal was not 'upon actual view'; the court rejected both arguments and affirmed the sale.
Issues
| Issue | Plaintiff's Argument | Defendant's Argument | Held |
|---|---|---|---|
| Whether sale confirmation during an appeal without a supersedeas bond was void | Fifth Third argued trial court had jurisdiction to confirm sale absent a stay. | Wizzard contended lack of jurisdiction due to pendency of appeal and lack of stay. | Trial court had jurisdiction; no stay obtained; not void. |
| Whether appraisal 'upon actual view' requirement was satisfied and prejudiced Wizzard | Fifth Third contends appraisal complied with RC 2329.17 and is not per se invalid. | Wizzard contends appraisal without interior viewing was prejudicial and should invalidate sale. | Appraisal complied; Wizzard failed to show prejudice or higher value would have changed outcome. |
Key Cases Cited
- Strah v. Lake Cty. Humane Soc., 90 Ohio App.3d 822 (11th Dist.1993) (appeal does not stay proceeding without a stay)
- Chase Manhattan Mortgage Corp. v. Urquhart, 2005-Ohio-4627 (12th Dist. Butler No. CA2004-04-098, CA2004-10-271) (trial court retains jurisdiction absent proper stay)
- National Union Fire Insurance Co. v. Hall, 2003-Ohio-462 (2d Dist. Montgomery No. 19331) (failure to enter interior does not automatically void appraisal)
