Bank Of New York Mellon v. Highland Ranch Homeowners Association et al

Filing 124

ORDER approving ECF No. 123 Stipulation Regarding Excess Proceeds. Signed by Judge Robert C. Jones on 9/1/2020. (Copies have been distributed pursuant to the NEF - KR)

Case 3:16-cv-00436-RCJ-WGC Document 124 Filed 09/01/20 Page 1 of 2
123
08/24/20

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NATALIE L. WINSLOW, ESQ.
Nevada Bar No. 12125
NICHOLAS E. BELAY, ESQ.
Nevada Bar No. 15175
Akerman LLP
1635 Village Center Circle, Suite 200
Las Vegas, NV 89134
Telephone: [phone]
Facsimile: [phone]
Email: [e-mail]
Email: [e-mail]
Attorneys for The Bank of New York Mellon
fka The Bank of New York as Trustee for the
Certificateholders CWALT, Inc., Alternative
Loan Trust 2005-3CB Mortgage Pass-Through
Certificates, Series 2005-3CB

AKERMAN LLP

1635 VILLAGE CENTER CIRCLE, SUITE 200
LAS VEGAS, NEVADA 89134
TEL.: [phone] – FAX: [phone]

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UNITED STATES DISTRICT COURT
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DISTRICT OF NEVADA
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THE BANK OF NEW YORK MELLON FKA
THE BANK OF NEW YORK AS TRUSTEE
FOR THE CERTIFICATEHOLDERS CWALT,
INC., ALTERNATIVE LOAN TRUST 20053CB
MORTGAGE
PASS-THROUGH
CERTIFICATES, SERIES 2005-3CB,
Plaintiff,

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Case No. 3:16-cv-00436-RCJ-WGC

ORDER REGARDING EXCESS
PROCEEDS

v.
HIGHLAND
RANCH
HOMEOWNERS
ASSOCIATION; KERN & ASSOCIATES,
LTD;
TBR
I,
LLC;
AIRMOTIVE
INVESTMENTS LLC; DOE INDIVIDUALS IX, inclusive, and ROE CORPORATIONS I-X,
inclusive,

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Defendants.

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The Bank of New York Mellon fka The Bank of New York as Trustee for the

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Certificateholders CWALT, Inc., Alternative Loan Trust 2005-3CB Mortgage Pass-Through

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Certificates, Series 2005-3CB (BoNYM), Highland Ranch Homeowners Association (Highland

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Ranch), and Airmotive Investments, LLC (Airmotive), hereby stipulate and agree that the excess

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proceeds from the HOA foreclosure sale, which the parties understand is being held by the State of

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California as unclaimed property in the amount of $22,893.92 be handled as follows:
51033130;1
54355049;1

Case 3:16-cv-00436-RCJ-WGC Document 124 Filed 09/01/20 Page 2 of 2

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1.

BoNYM's counsel shall request the excess proceeds from the unclaimed property

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division on behalf of BoNYM, to be held in trust by BoNYM's counsel pending resolution of the

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underlying claims.

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2.

The parties agree they do not waive any defenses by BoNYM recovering the excess

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proceeds from the State of California, and that by obtaining the excess proceeds BoNYM does not

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concede either that its deed of trust survived or did not survive the sale. Rather, the parties believe it

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is beneficial to all parties involved that the excess proceeds be preserved until a final determination

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is made in this action.

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AKERMAN LLP

1635 VILLAGE CENTER CIRCLE, SUITE 200
LAS VEGAS, NEVADA 89134
TEL.: [phone] – FAX: [phone]

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DATED this 24th day of August, 2020.
AKERMAN LLP

LAXALT & NOMURA, LTD.

/s/ Natalie L. Winslow
NATALIE L. WINSLOW, ESQ.
Nevada Bar No. 12125
NICHOLAS E. BELAY, ESQ.
Nevada Bar No. 15175
1635 Village Center Circle, Suite 200
Las Vegas, NV 89134

/s/ Ryan W. Leary
HOLLY S. PARKER, ESQ.
Nevada Bar No. 10181
RYAN W. LEARY, ESQ.
Nevada Bar No. 11630
9790 Gateway Drive, Suite 200
Reno, NV 89511

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Attorneys for BoNYM

Attorneys for Highland Ranch Homeowners
Association

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ROGER P. CROTEAU & ASSOCIATES, LTD.
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/s/ Timothy E. Rhoda
ROGER P. CROTEAU, ESQ.
Nevada Bar No. 4958
TIMOTHY E. RHODA, ESQ.
Nevada Bar No. 7878
2810 W. Charleston Boulevard, Suite 75
Las Vegas, NV 89102
Attorneys for Airmotive Investments LLC

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IT IS SO ORDERED.

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_________________________________
UNITED STATES DISTRICT COURT JUDGE

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DATED: September 1, 2020.

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54355049;1

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