LN Management, LLC Series 5664 Divot v. Dansker et al

Filing 29

ORDER Granting 28 Stipulation to Modify Court's November 19, 2013 Order. Signed by Judge Robert C. Jones on 3/27/15. (Copies have been distributed pursuant to the NEF - TR)

Case 2:13-cv-01420-RCJ-GWF Document 28 Filed 03/20/15 Page 1 of 3

1 Abran E. Vigil
Nevada Bar No. 7548
2 Sylvia O. Semper
Nevada Bar No. 12863
3 Matthew D. Lamb
Nevada Bar No. 12991
4 BALLARD SPAHR LLP
100 North City Parkway, Suite 1750
5 Las Vegas, Nevada 89106
Telephone: [phone]
6 Facsimile: [phone]
[e-mail]
7 [e-mail]
[e-mail]
8 Attorneys for Citibank, N.A. as Trustee

for Structured Asset Mortgage Investments II Trust

9 2007-AR7 Mortgage Pass-Through Certificates 2007 –AR7

Ballard Spahr LLP
1735 Market Street, 51st Floor
Philadelphia, Pennsylvania 19103-7599

10

UNITED STATES DISTRICT COURT

11

DISTRICT OF NEVADA

12

LN MANAGEMENT, LLC SERIES 5664
13 DIVOT,
Plaintiff,

14
15 vs.

16 KIT DANSKER and JPMORGAN
CHASE BANK, NA
17
Defendants,
18

Case No. 2:13-cv-01420-RCJ-GWF
STIPULATION AND ORDER TO
MODIFY COURT’S NOVEMBER 19,
2013 ORDER [Doc. 18]

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20

Plaintiff LN Management LLC Series 5664 Divot and Defendant JPMorgan

21 Chase Bank, National Association (“Chase” and together with Plaintiff, the
22 “Parties”) stipulate as follows:
23

1.

This is a quiet title action involving property at 5664 Divot Place, Las

24 Vegas, Nevada 89130 (the “Property”).
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2.

The Los Prados Community Association purportedly foreclosed against

26 the Property on March 15, 2013 pursuant to a lien for delinquent assessments.
27

3.

As the highest bidder at the sale, Plaintiff claims it acquired title to

28 the Property free and clear of Chase’s first deed of trust.
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Case 2:13-cv-01420-RCJ-GWF Document 28 Filed 03/20/15 Page 2 of 3

4.

1

Plaintiff initiated this quiet title action against Chase and borrower

2 Kit Dansker in the Eighth Judicial District Court of Nevada on May 31, 2013.
3 Chase removed the case to this Court on the basis of diversity jurisdiction on
4 August 8, 2013. [Doc. 1].1
5.

5

Plaintiff moved to remand the case to state court on September 5,

6 2013. [Doc. 9].
6.

7

Chase moved to dismiss Plaintiff’s complaint and to expunge Plaintiff’s

8 notice of lis pendens against the Property on September 13, 2013. [Doc. 13]. Chase
9 argued that, under Nevada law, the foreclosure of an HOA lien never extinguishes a

Ballard Spahr LLP
1735 Market Street, 51st Floor
Philadelphia, Pennsylvania 19103-7599

10 first deed of trust because an HOA lien is junior in priority to a first deed of trust.
7.

11

In an order filed November 19, 2013 [Doc. 18], this Court denied

12 Plaintiff’s motion to remand and granted Chase’s motion to dismiss and to expunge
13 the notice of lis pendens. The Court held that, as a matter of lien priority, a Nevada
14 HOA foreclosure never extinguishes a first deed of trust.
15

8.

The Court entered a final judgment on November 20, 2013. [Doc. 19].

16

9.

Plaintiff filed a notice of appeal on December 17, 2013. [Doc. 20].

17

10.

On September 18, 2014, the Nevada Supreme Court issued its opinion

18 in SFR Investments Pool 1, LLC v. U.S. Bank, N.A., 130 Nev. Adv. Op. 75, 334 P.3d
19 408.
11.

20

SFR Investments holds that the proper foreclosure of an HOA lien

21 entitled to a “super-priority” under NRS 116.3116(2) may extinguish a first deed of
22 trust.
23

12.

On February 24, 2015, the Parties moved to dismiss the appeal

24 without prejudice to reinstatement. [App. Doc. 21].
25

13.

On February 25, 2015, the Ninth Circuit Court of Appeals entered an

26 order dismissing the appeal without prejudice to reinstatement. [App. Doc. 22].
27
28

“Doc.” references to district court filings and “App. Doc.” references to appellate court
filings.
1

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Case 2:13-cv-01420-RCJ-GWF Document 28 Filed 03/20/15 Page 3 of 3

1

14.

The Parties herein agree that the Court’s November 19, 2013 order

2 should be modified to deny Chase’s motion to dismiss and Chase’ motion to expunge
3 the notice of lis pendens.
4

15.

The parties further agree to set aside the final judgment entered on

5 November 20, 2013.
6

16.

Chase reserves the right to raise any defenses to Plaintiff’s claims that

7 are not controlled by the Nevada Supreme Court’s SFR Investments decision.
8

17.

Chase will file its answer to Plaintiff’s complaint within 21 days of

9 service of an order granting this stipulation, and the Parties will proceed in the

Ballard Spahr LLP
1735 Market Street, 51st Floor
Philadelphia, Pennsylvania 19103-7599

10 ordinary course of litigation.
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12
13

Dated: March , 2015

Dated: March , 2015

LAW OFFICES OF KERRY FAUGHNAN

BALLARD SPAHR LLP

By: /s/ Kerry Faughnan
Kerry Faughnan, Esq.
Nevada Bar No. 12204
15
P.O. Box 335361
North Las Vegas, Nevada 89033
16
Attorney for Plaintiff

By: /s/ Sylvia O. Semper
Abran E. Vigil
Nevada Bar No. 7548
Sylvia O. Semper
Nevada Bar No. 12863
100 N. City Pkwy., Ste. 1750
Las Vegas, Nevada 89106

14

Attorneys for Defendant-Appellee
JPMorgan Chase Bank, National
Association

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18
19
20

ORDER

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IT IS SO ORDERED.

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Dated this ___ day of March, 2015.
Dated this 27th day of March, 2015.

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24

____________________________________
UNITED STATES DISTRICT JUDGE

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