Ditech Financial LLC et al v. SFR Investments Pool 1, LLC et al

Filing 46

ORDER that this administrative STAY in this case shall remain in effect until the exhaustion of all appeals of Bourne Valley Court Trust v. Wells Fargo Bank, 832 F.3d 1154 (9th Cir. 2016). Once exhaustion occurs, any party may move to lift the stay. Until that time, all proceedings in this action are stayed.FURTHER ORDERED that all pending motions are DENIED without prejudice with leave to refile within twenty-one days after the stay is lifted.FURTHER ORDERED that SFR Investments Pool 1, LLC ("SFR") shall care for, preserve, and maintain the Property.FURTHER ORDERED that, beginning on April 28, 2017, the parties must file a joint status report updating the Court on the status of this case every one-hundred and eighty day s.FURTHER ORDERED that this Order does not prevent the parties from continuing to engage in settlement conference negotiations with the assistance of the Magistrate Judge. Signed by Chief Judge Gloria M. Navarro on 10/28/16. (Copies have been distributed pursuant to the NEF - MMM)

UNITED STATES DISTRICT COURT

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DISTRICT OF NEVADA

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FEDERAL HOUSING FINANCE AGENCY, )
in its capacity as Conservator of Federal
)
National Mortgage Association and Federal
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Home Loan Mortgage Corporation; FEDERAL )
NATIONAL MORTGAGE ASSOCIATION; )
and FEDERAL HOME LOAN MORTGAGE )
CORPORATION,
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Plaintiffs,
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vs.
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SFR INVESTMENTS POOL 1, LLC;
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Defendant.
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Case No.: 2:15-cv-2381-GMN-VCF
ORDER

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On August 23, 2016, the Court granted the parties’ Stipulation to Stay pending Issuance

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of the Ninth Circuit’s Mandate in Bourne Valley Ct. Trust v. Wells Fargo Bank, 832 F.3d 1154

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(9th Cir. 2016).

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With this Order, the Court clarifies that the stay shall remain in effect until the
exhaustion of all appeals in Bourne Valley Ct. Trust v. Wells Fargo Bank.

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Accordingly,

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IT IS HEREBY ORDERED that this administrative STAY in this case shall remain in

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effect until the exhaustion of all appeals of Bourne Valley Court Trust v. Wells Fargo Bank,

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832 F.3d 1154 (9th Cir. 2016). Once exhaustion occurs, any party may move to lift the stay.

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Until that time, all proceedings in this action are stayed.

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IT IS FURTHER ORDERED that all pending motions are DENIED without prejudice
with leave to refile within twenty-one days after the stay is lifted.

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IT IS FURTHER ORDERED that SFR Investments Pool 1, LLC (“SFR”) shall care

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for, preserve, and maintain the Property.
IT IS FURTHER ORDERED that, beginning on April 28, 2017, the parties must file a

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joint status report updating the Court on the status of this case every one-hundred and eighty

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days. Along with the joint status report, SFR shall submit a statement affirming that all

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expenses necessary to maintain the property, including but not limited to, timely and full

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payment of all homeowners association assessments, property taxes, and property insurance

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premiums due and owing or past due at any time during the effective period of this Stay are

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current and up to date.
IT IS FURTHER ORDERED that this Order does not prevent the parties from

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continuing to engage in settlement conference negotiations with the assistance of the Magistrate

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Judge.

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DATED this _____ day of October, 2016.

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___________________________________
Gloria M. Navarro, Chief Judge
United States District Court

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