U.S. Bank, N.A. v. BeedleAnnotate this Case
In this foreclosure action, the Supreme Judicial Court vacated the judgment of the district court entered in favor of Duane Beedle, holding that the court erred in concluding that U.S. Bank, N.A. did not prove that it owned the mortgage and therefore did not have standing to file a foreclosure action.
In 2003, Beedle executed a note and mortgage in favor of Fleet National Bank for the purchase of certain property. In 2012, the mortgage was assigned to U.S. Bank, as trustee for Assignee #1. In 2016, Beedle was sent a notice of default. Beedle declared the entire principal amount outstanding. In 2017, a second assignment was executed, by which U.S. Bank claimed that Assignee #1 assigned its interest in the mortgage to U.S. Bank. U.S. Bank subsequently commenced this foreclosure action. The district court entered judgment for the Beedles, concluding that U.S. Bank failed to prove ownership of the mortgage due to a "faulty" 2012 assignment. The Supreme Court vacated the judgment, holding that the 2012 assignment of the mortgage was enforceable.