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

Filing 47

ORDER Granting 46 Stipulation of Dismissal and Lift Stay. Signed by Judge Richard F. Boulware, II on 12/11/2018. (Copies have been distributed pursuant to the NEF - MR)

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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: [phone]
Facsimile: [phone]
[e-mail]
[e-mail]
[e-mail]
[e-mail]

Attorneys for JPMorgan Chase Bank, N.A.
UNITED STATES DISTRICT COURT

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[phone] FAX [phone]

BALLARD SPAHR LLP
1980 FESTIVAL PLAZA DRIVE, SUITE 900
LAS VEGAS, NEVADA 89135

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DISTRICT OF NEVADA

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JPMORGAN CHASE BANK, N.A.,

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Plaintiff,
vs.
SFR INVESTMENTS POOL 1, LLC, a
Nevada limited liability company;
NEWPORT COVE III OWNERS
ASSOCIATION, a Nevada non-profit
corporation; TSAN-LI YUEH SUN, and
individual.
Defendants.

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DMWEST #18168885 v1

Case No. 2:17-cv-02035-RFB-VCF
STIPULATION AND ORDER TO 1)
DISMISS CLAIMS BETWEEN
JPMORGAN CHASE BANK, N.A.,
NEWPORT COVE III OWNERS
ASSOCIATION, AND SFR
INVESTMENTS POOL 1 LLC WITH
PREJUDICE; AND 2) LIFT STAY
ENTERED MARCH 14, 2018

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Pursuant to Local Rules LR IA 6-2 and LR 7-1, Plaintiff JPMorgan

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Chase Bank, N.A. (“Chase”), Defendant SFR Investments Pool 1, LLC (“SFR”), and

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Defendant Newport Cove III Owners Association (“Newport Cove III”) (collectively,

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the “Parties”), through their respective attorneys, stipulate as follows:

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1.

This action concerns title to real property commonly known as 4730

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O’Bannon Drive, Unit A, Las Vegas, NV 89102 (the “Property”) following a

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homeowner’s association foreclosure sale conducted on July 27, 2012, with respect to

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the Property.

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2.

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

Nevada as Instrument Number 20041223-0002774 (the “Deed of Trust”), and in

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[phone] FAX [phone]

of Trust recorded against the Property in the Official Records of Clark County,

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BALLARD SPAHR LLP
1980 FESTIVAL PLAZA DRIVE, SUITE 900
LAS VEGAS, NEVADA 89135

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particular, whether the Deed of Trust continues to encumber the Property.

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3.

The Parties to this Stipulation have agreed to release their respective

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claims, and further agreed that the claims between them shall be DISMISSED with

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prejudice.

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4.

As Tsan-Li Yueh Sun has not appeared in this action, Chase hereby

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voluntarily dismisses its claims against them pursuant to Fed. R. Civ. P.

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41(a)(1)(A)(i).

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5.

The Parties further stipulate and agree that the two Lis Pendens

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

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Instruments Number 20131231-0000485 and 20170802-0001754 be, and the same

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hereby are, EXPUNGED.

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6.

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

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posted by Chase on November 14, 2017 pursuant to this Court’s Order [ECF No. 23]

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

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7.

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

and Order may be recorded with the Clark County Recorder;
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The Parties further agree to lift the stay entered March 14, 2018 [ECF
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DMWEST #18168885 v1

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No. 44];

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9.

Each party in this case number 2:17-cv-02035-RFB-VCF shall bear its

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own attorneys’ fees and costs.

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Dated: December 10, 2018

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BALLARD SPAHR LLP

KIM GILBERT EBRON

By:/s/ Kyle A. Ewing
Joel E. Tasca, Esq.
Nevada Bar. No. 14124
Maria A. Gall, Esq.
Nevada Bar No. 14200
Lindsay C. Demaree, Esq.
Nevada Bar No. 11949
Kyle A. Ewing, Esq.
Nevada Bar. No. 14051
1980 Festival Plaza Dr. Suite 900
Las Vegas, Nevada 89106

By:/s/ Jacqueline A. Gilbert
Diana S. Ebron, Esq.
Nevada Bar No. 10580
Jacqueline A. Gilbert, Esq.
Nevada Bar No. 10593
Karen Hanks, Esq.
Nevada Bar No. 9578
7625 Dean Martin Dr., Suite 110
Las Vegas, Nevada 89014

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[phone] FAX [phone]

BALLARD SPAHR LLP
1980 FESTIVAL PLAZA DRIVE, SUITE 900
LAS VEGAS, NEVADA 89135

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Attorneys for JPMorgan Chase Bank, Attorneys for SFR Investments Pool
N.A.
1, LLC

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GIBBS GIDEN LOCHER TURNER SENET &
WITTBRODT LLP

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By: /s/ Victor F. Luke
Matthew L. Grode, Esq.
Nevada Bar No. 6326
Victor F. Luke, Esq.
Nevada Bar No. 13714
1140 N. Town Center Drive, Ste 300
Las Vegas, Nevada 89144

Attorneys for Defendant Newport Cove
III Owners Association

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IT IS SO ORDERED:

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UNITED STATES DISTRICT JUDGE

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DATED: December 11, 2018.
______________________

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DMWEST #18168885 v1