U.S. Bank N.A. v. SFR Investments Pool 1, LLC et al

Filing 88

ORDER granting 87 Stipulation of Dismissal with prejudice as to the claims between U.S. Bank, N.A., SFR Investments Pool 1, LLC, and Sherman Oaks Estates Owners Association. This Stipulation in no way affects SFR's cross-claim against David L. McCoy and Pamela McCoy (the "McCoys"). Signed by Judge James C. Mahan on 12/18/2018. (Copies have been distributed pursuant to the NEF: cc Finance - MMM)

LAS VEGAS, NEVADA 89135

[phone] FAX [phone]

BALLARD SPAHR LLP
1980 FESTIVAL PLAZA DRIVE, SUITE 900

Case 2:16-cv-02801-JCM-GWF Document 87 Filed 12/13/18 Page 1 of 4

1 Abran E. Vigil
Nevada Bar No. 7548
2 Joel E. Tasca
Nevada Bar No. 14124
3 Justin A. Shiroff
Nevada Bar No. 12869
4 BALLARD SPAHR LLP
1980 Festival Plaza Drive, Suite 900
5 Las Vegas, Nevada 89135
Telephone: [phone]
6 Facsimile: [phone]
[e-mail]
7 [e-mail]
[e-mail]
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Attorneys for Plaintiff U.S. Bank N.A.,
9 successor trustee to Bank of America,
N.A., successor in interest to LaSalle
10 Bank N.A., as trustee, on behalf of the
holders of the Washington Mutual
11 Mortgage Pass-Through Certificates,
WMALT Series 2005-10
12
UNITED STATES DISTRICT COURT
13
DISTRICT OF NEVADA
14
U.S. BANK N.A., SUCCESSOR TRUSTEE
15 TO BANK OF AMERICA, N.A.,
SUCCESSOR IN INTEREST TO LASALLE Case No. 2:16-cv-02801-JCM-GWF
16 BANK N.A., AS TRUSTEE, ON BEHALF
OF THE HOLDERS OF THE
STIPULATION AND ORDER
17 WASHINGTON MUTUAL MORTGAGE
PASS-THROUGH CERTIFICATES,
TO DISMISS WITH
PREJUDICE CLAIMS
18 WMALT SERIES 2005-10,
BETWEEN U.S. BANK, N.A.,
Plaintiff,
SFR INVESTMENTS POOL 1,
19
LLC, AND SHERMAN OAKS
ESTATES OWNERS
20 vs.
ASSOCIATION
21 SFR INVESTMENTS POOL 1 LLC, a
Nevada limited liability company;
22 SHERMAN OAKS ESTATES OWNERS
ASSOCIATION, a Nevada non-profit
23 corporation.
24

Defendants.

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Case 2:16-cv-02801-JCM-GWF Document 87 Filed 12/13/18 Page 2 of 4

1 SFR INVESTMENTS POOL 1, LLC, a
Nevada limited liability company,
2
Counter/Cross-claimant,
3
vs.
4
U.S. BANK N.A., SUCCESSOR TRUSTEE
5 TO BANK OF AMERICA, N.A.,
SUCCESSOR IN INTEREST TO LASALLE
6 BANK N.A., AS TRUSTEE, ON BEHALF
OF THE HOLDERS OF THE
7 WASHINGTON MUTUAL MORTGAGE
PASS-THROUGH CERTIFICATES,
8 WMALT SERIES 2005-10; DAVID L.
MCCOY, an individual; PAMELA MCCOY,
9 an individual,

11

Counter/Cross-defendants.
Pursuant to Local Rules LR IA 6-1 and LR 26-4, Plaintiff/Counter-Defendant

LAS VEGAS, NEVADA 89135

12 U.S. Bank N.A., successor trustee to Bank of America, N.A., successor in interest to
[phone] FAX [phone]

BALLARD SPAHR LLP
1980 FESTIVAL PLAZA DRIVE, SUITE 900

10

13 LaSalle Bank N.A., as trustee, on behalf of the holders of the Washington Mutual
14 Mortgage Pass-Through Certificates, WMALT Series 2005-10 (“U.S. Bank”),
15 Defendant/Counterclaimant SFR Investment Pools 1, LLC (“SFR”), and Defendant
16 Sherman Oaks Estates Owners Association (the “Association”) (collectively, the
17 “Parties”) hereby stipulate as follows:
18

1.

This action concerns title to real property commonly known as 4779

19 Laurel Canyon St., Las Vegas, Nevada 89129 (“Property”) following a homeowner’s
20 association foreclosure sale conducted on January 22, 2014, with respect to the
21 Property.
22

2.

As it relates to the Parties, a dispute arose regarding that certain Deed

23 of Trust recorded against the Property in the Official Records of Clark County,
24 Nevada as Instrument Number 20050914-0001431 (“Deed of Trust”), and in
25 particular, whether the Deed of Trust continues to encumber the Property.
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3.

With respect to this dispute, the Parties have entered into a confidential

27 settlement agreement pursuant to which U.S. Bank shall record a full reconveyance
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Case 2:16-cv-02801-JCM-GWF Document 87 Filed 12/13/18 Page 3 of 4

1 of the Deed of Trust in the Official Records of Clark County, Nevada, constituting a
2 full release and discharge of the Deed of Trust.
3

4.

The Parties to this Stipulation have settled and agreed to release their

4 respective claims, and further agreed that the claims between them, including the
5 Complaint and Counterclaim, shall be DISMISSED with prejudice.
6

5.

This Stipulation in no way affects SFR’s cross-claim against David L.

7 McCoy and Pamela McCoy (the “McCoys”).
8

6.

The Parties further stipulate and agree that the Lis Pendens recorded

9 against the Property in the Official Records of Clark County, Nevada, as Instruments

11

7.

The Parties further stipulate and agree that the $500 in security costs

LAS VEGAS, NEVADA 89135

12 posted by Chase on January 17, 2017 pursuant to this Court’s Order [ECF No. 11]
[phone] FAX [phone]

BALLARD SPAHR LLP
1980 FESTIVAL PLAZA DRIVE, SUITE 900

10 Number 20170119-0002774 be, and the same hereby is, EXPUNGED.

13 shall be discharged and released to the Ballard Spahr LLP Trust Account.
14

9.

The Parties further stipulate and agree that a copy of this Stipulation

15 and Order may be recorded with the Clark County Recorder;
16

10.

This case shall remain open until such time as SFR resolves its pending

17 cross-claim against the McCoys; and
(Remainder of Page Intentionally Left Blank)

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Case 2:16-cv-02801-JCM-GWF Document 87 Filed 12/13/18 Page 4 of 4

1

12.

Each party in this case number 2:16-cv-02801-JCM-GWF shall bear its

2 own attorneys’ fees and costs.
3

IT IS SO STIPULATED.

4

Dated: December 13, 2018

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BALLARD SPAHR LLP

KIM GILBERT EBRON

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By: /s/ Justin A. Shiroff
Abran E. Vigil, Esq.
Nevada Bar No. 7548
Joel E. Tasca, Esq.
Nevada Bar No. 14124
Justin A. Shiroff, Esq.
Nevada Bar No. 12869
1980 Festival Plaza Drive, Suite 900
Las Vegas, Nevada 89135

By: _/s/ Jacqueline A. Gilbert _
Diana S. Ebron, Esq.
Nevada Bar No. 10580
Jacqueline A. Gilbert, Esq.
Nevada Bar No. 10593
Karen L. Hanks, Esq.
Nevada Bar No. 9578
7625 Dean Martin Drive, Suite 110
Las Vegas, Nevada 89139

Attorneys for Plaintiff/CounterDefendant U.S. Bank, N.A. as Trustee

Attorneys for SFR Investments Pool 1,
LLC

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LAS VEGAS, NEVADA 89135

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[phone] FAX [phone]

BALLARD SPAHR LLP
1980 FESTIVAL PLAZA DRIVE, SUITE 900

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13

DENNETT WINSPEAR, LLP

14

By: /s/ Matthew A. Sarnoski
Gina Gilbert Winspear, Esq.
Nevada Bar No. 5552
Matthew A. Sarnoski, Esq.
Nevada Bar No. 9176
3301 N. Buffalo Drive, Suite 195
Las Vegas, NV 89129

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Attorneys for Sherman Oaks Estates
Owners Association

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IT IS SO ORDERED.

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__________________________________________
UNITED STATES DISTRICT JUDGE

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December 18, 2018
DATED: ___________________________

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