PNC Bank, National Association v. MDTR LLC et al

Filing 68

ORDER granting 67 Motion to Substitute Party. Signed by Magistrate Judge Philip R. Lammens on 8/17/2016. (AR)

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UNITED STATES DISTRICT COURT MIDDLE DISTRICT OF FLORIDA OCALA DIVISION PNC BANK, NATIONAL ASSOCIATION and NW ACQUISITIONS, LLC, Plaintiffs, v. Case No: 5:14-cv-573-Oc-32PRL MDTR LLC, SERGE COTE and BANK OF AMERICA, N.A. Defendants. ORDER This matter is before the Court on the joint motion of PNC Bank, National Association (“Assignor”) and NW Acquisitions, LLC (“Assignee”) to substitute the Assignee as party plaintiff and amend the case caption accordingly. (Doc. 67). On January 13, 2016, the Court entered its Final Judgment of Foreclosure against Defendants (the “Judgment”). (Doc. 57). Pursuant to the paragraph 23 of the Judgment, “[t]he Plaintiff may assign the judgment and credit bid by the filing of an assignment without further Order of the Court.” On July 27, 2016, Assignor and Assignee entered into an agreement by which the Judgment and related loan documents were assigned from Assignor to Assignee. (Docs. 64-66). Now, they ask the Court to enter an order substituting Assignee as the proper party plaintiff in the place of Assignor. Upon due consideration, the joint motion (Doc. 67) is GRANTED. Assignee, NW Acquisitions, LLC is SUBSTITUTED as the proper party plaintiff in place of Assignor, PNC Bank, National Association. The Clerk is directed to amend the case caption accordingly. DONE and ORDERED in Ocala, Florida on August 17, 2016. Copies furnished to: Counsel of Record Unrepresented Parties -2-

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