JPMorgan Chase Bank, N.A. v. SFR Investments Pool 1, LLC et al

Filing 76

ORDER granting 74 Stipulation of Dismissal and 75 Stipulation to Lift Stay. This Stipulation in no way affects SFR's cross-claim against Elizabeth Rocha or Horatio Rocha. Signed by Judge James C. Mahan on 12/14/2018. (Copies have been distributed pursuant to the NEF - MMM) Modified on 12/14/2018 to correct typo (MMM).

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Case 2:17-cv-00326-JCM-NJK Document 75 Filed 12/12/18 Page 1 of 3 1 2 3 4 5 6 7 8 9 10 Abran E. Vigil, Esq. Nevada Bar. No. 7548 Maria A. Gall, Esq. Nevada Bar No. 14200 Lindsay C. Demaree, Esq. Nevada Bar No. 11949 Kyle A. Ewing, Esq. Nevada Bar. No. 14051 BALLARD SPAHR LLP 1980 Festival Plaza Drive, Suite 900 Las Vegas, Nevada 89135 Telephone: (702) 471-7000 Facsimile: (702) 471-7070 vigila@ballardspahr.com gallm@ballardspahr.com demareel@ballardspahr.com ewingk@ballardspahr.com Attorneys for JPMorgan Chase Bank, N.A. (702) 471-7000 FAX (702) 471-7070 UNITED STATES DISTRICT COURT 12 LAS VEGAS, NEVADA 89135 BALLARD SPAHR LLP 1980 FESTIVAL PLAZA DRIVE, SUITE 900 11 DISTRICT OF NEVADA 13 JPMORGAN CHASE BANK, N.A., 14 Case No. 2:17-CV-00326-JCM-NJK Plaintiff, 15 vs. 16 SFR INVESTMENTS POOL 1, LLC, a Nevada limited liability company; ANTELOPE HOMEOWNERS’ ASSOCIATION, a Nevada non-profit corporation; ELIZABETH ROCHA, an individual; and HORATIO ROCHA, an individual. 17 18 19 20 21 Defendants. 22 SFR INVESTMENTS POOL 1, LLC, a Nevada limited liability company, 23 Counterclaimant/Cross-Claimant, 24 vs. 25 JPMORGAN CHASE BANK, N.A.; ELIZABETH ROCHA, an individual; and HORATIO ROCHA, an individual, 26 27 Counter-Defendant/Cross-Defendants. 28 DMWEST #18167154 v2 STIPULATION AND ORDER TO 1) DISMISS CLAIMS BETWEEN JPMORGAN CHASE BANK, N.A., AND SFR INVESTMENTS POOL 1, LLC WITH PREJUDICE; AND 2) LIFT STAY ENTERED MARCH 23, 2018 Case 2:17-cv-00326-JCM-NJK Document 75 Filed 12/12/18 Page 2 of 3 1 Pursuant to Local Rules LR IA 6-2 and LR 7-1, Plaintiff/Counter-Defendant 2 JPMorgan Chase Bank, N.A. (“Chase”), and Defendant/Counterclaimant/Cross3 Claimant SFR Investments Pool 1, LLC (“SFR”) (collectively, the “Parties”), through 4 their respective attorneys, stipulate as follows: 5 1. This action concerns title to real property commonly known as 7828 6 Drydust Ct., Las Vegas, Nevada (the “Property”) following a homeowner’s association 7 foreclosure sale conducted on November 19, 2013, with respect to the Property. 8 2. As it relates to the Parties, a dispute arose regarding that certain Deed 9 of Trust recorded against the Property in the Official Records of Clark County, 10 Nevada as Instrument Number 20080714-0004624 (the “Deed of Trust”), and in (702) 471-7000 FAX (702) 471-7070 12 LAS VEGAS, NEVADA 89135 BALLARD SPAHR LLP 1980 FESTIVAL PLAZA DRIVE, SUITE 900 11 particular, whether the Deed of Trust continues to encumber the Property. 3. The Parties to this Stipulation have settled and agreed to release their 13 respective claims, and further agreed that the claims between them, including the 14 Complaint and Counterclaim, shall be DISMISSED with prejudice. 15 4. As neither Elizabeth Rocha nor Horatio Rocha appeared in this action, 16 Chase hereby voluntarily dismisses its claims against them pursuant to Fed. R. Civ. 17 P. 41(a)(1)(A)(i). 18 5. This Stipulation in no way affects SFR’s cross-claim against Elizabeth 19 Rocha or Horatio Rocha. 20 6. The Parties further stipulate and agree that the Lis Pendens recorded 21 against the Property in the Official Records of Clark County, Nevada, as Instrument 22 Number 20170331-0003210 be, and the same hereby is, EXPUNGED. 23 7. The Parties further stipulate and agree that the $500 in security costs 24 posted by Chase on May 31, 2017, pursuant to this Court’s Order [ECF No. 13] shall 25 be discharged and released to the Ballard Spahr LLP Trust Account. 26 8. The Parties further stipulate and agree that a copy of this Stipulation 27 and Order may be recorded with the Clark County Recorder; 28 /// 2 DMWEST #18167154 v2 Case 2:17-cv-00326-JCM-NJK Document 75 Filed 12/12/18 Page 3 of 3 1 9. The Parties further agree to lift the stay entered March 23, 2018 [ECF 2 No. 73]; 3 10. This case shall remain open until such time as SFR resolves its pending 4 cross-claims against Elizabeth Rocha or Horatio Rocha; and 5 11. Each party in this case number 2:17-CV-00326-JCM-NJK shall bear its 6 own attorneys’ fees and costs. 7 BALLARD SPAHR LLP KIM GILBERT EBRON 8 9 10 (702) 471-7000 FAX (702) 471-7070 12 LAS VEGAS, NEVADA 89135 BALLARD SPAHR LLP 1980 FESTIVAL PLAZA DRIVE, SUITE 900 11 13 14 By: /s/ Kyle A. Ewing Abran E. Vigil Nevada Bar. No. 7548 Maria A. Gall Nevada Bar No. 14200 Lindsay C. Demaree Nevada Bar No. 11949 Kyle A. Ewing Nevada Bar. No. 14051 1980 Festival Plaza Drive, Suite 900 Las Vegas, Nevada 89135 By: /s/ Jacqueline A. Gilbert Diana S. Ebron Nevada Bar No. 10580 Jacqueline A. Gilbert Nevada Bar No. 10593 Karen Hanks Nevada Bar No. 9578 7625 Dean Martin Dr., Suite 110 Las Vegas, Nevada 89014 Attorneys for JPMorgan Chase Bank, Attorneys for SFR Investments Pool 1, 15 N.A. LLC 16 17 IT IS SO ORDERED: 18 19 20 UNITED STATES DISTRICT JUDGE December 14, 2018 DATED: 21 22 23 24 25 26 27 28 3 DMWEST #18167154 v2

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