Hollyvale Rental Holdings, LLC v. Rae Nola Edwards et al

Filing 36

ORDER granting Stipulation (ECF No. 34 ) to Extend Deadlines in Scheduling Order (ECF No 15 ). Signed by Magistrate Judge William G. Cobb on 9/11/2017. (Copies have been distributed pursuant to the NEF - DRM)

Download PDF
Case 3:17-cv-00162-MMD-WGC Document 34 Filed 09/08/17 Page 1 of 5 1 2 3 4 5 6 LAUREL I. HANDLEY (NV Bar # 9576) ANTHONY R. SASSI (NV Bar # 12486) ALDRIDGE PITE, LLP 520 South 4th St., Suite 360 Las Vegas, Nevada 89101 Telephone: (702) 991-4636 Facsimile: (702) 685-6342 E-Mail: jgarabedian@aldridgepite.com Attorneys for Defendant/Counterclaimant: FEDERAL NATIONAL MORTGAGE ASSOCIATION 7 UNITED STATES DISTRICT COURT 8 DISTRICT OF NEVADA 9 HOLLYVALE RENTAL HOLDINGS, LLC, 10 Case No.: 3:17-cv-00162-MMD-WGC Plaintiff, 11 v. 12 RAE NOLA EDWARDS, an individual; FEDERAL NATIONAL MORTGAGE ASSOCIATION; QUALITY LOAN SERVICE CORPORATION; All other persons unknown claiming any right, title estate, lien or interest in the real property described in the Complaint adverse to Plaintiff’s ownership, or any cloud upon Plaintiff’s title thereto; DOES I through V; and ROE Corporations I through V, 13 14 15 16 17 Defendants. 18 19 22 23 (First Request) FEDERAL NATIONAL MORTGAGE ASSOCATION, 20 21 STIPULATION TO EXTEND DEADLINES IN SCHEDULING ORDER Counterclaimant, v. HOLLYVALE RENTAL HOLDINGS, LLC Counter-Defendant. 24 25 Defendant/Counterclaimant Federal National Mortgage Association (“Fannie Mae”) and 26 Plaintiff/Counter-Defendant Hollyvale Rental Holding, LLC (“Hollyvale”) (and collectively the 27 “Parties”), by and through their respective attorneys of record, hereby stipulate to extend all of 28 the deadlines in the Scheduling Order (ECF No. 15) as follows: -1- Case 3:17-cv-00162-MMD-WGC Document 34 Filed 09/08/17 Page 2 of 5 BACKGROUND & REASONS FOR REQUESTED EXTENSIONS 1 2 This is the Parties’ first request to extend the deadlines in the Scheduling Order. As the 3 Court may be aware, this is one of many actions involving a title dispute to real property 4 following a foreclosure sale under NRS 116. 5 following the sale of a super-priority lien, while Fannie Mae’s primary defense or counterclaim 6 is that its deed of trust was not extinguished because of the Federal Foreclosure Bar under 12 7 U.S.C. § 4617(j)(3). Quality Loan is the trustee under Fannie Mae’s deed of trust and has taken 8 a non-monetary status position. Hollyvale claims it has free and clear title 9 Pursuant to Local Rule 26-1, Hollyvale, Fannie Mae and Quality Loan submitted a 10 Stipulated Discovery Plan and Scheduling Order on May 5, 2017 (ECF No. 14) and the Court 11 issued a scheduling order on May 8, 2017 (ECF No. 15). The Parties have exchanged initial 12 disclosures, have begun written discovery, and have engaged in extensive settlement discussions. 13 These series of events have lead the Parties to believe that additional parties should be added 14 and/or substituted into this case and that all of the deadlines in the Scheduling Order should be 15 extended. 16 Since the filing of this lawsuit in January 2017, Hollyvale has transferred its interest in 17 the real property at issue to an affiliate or related entity known as Champery Rental REO, LLC 18 (“Champery”). The Parties are in the process of finalizing a separate stipulation to effectuate the 19 substitution of Champery in the place and stead of Hollyvale. Since the Parties’ ultimate goal is 20 to clear up title to the property at issue, whether through adjudication or settlement, Champery 21 should be formally included as a party to this lawsuit. 22 Also, Hollyvale/Champery wishes to add the foreclosing HOA and its trustee as 23 defendants to this lawsuit. Fannie Mae has no objection to adding either entity. In fact, adding 24 the foreclosing HOA and its trustee will further assist in settlement efforts as it is believed that 25 the foreclosing HOA or its trustee is still holding excess proceeds of around $70,000.00 from the 26 sale which will ultimately either need to be distributed pursuant to NRS 116.31164 or may need 27 to be returned to Hollyvale/Champery if the sale is determined to be void. Such funds could be 28 used in furtherance of settlement efforts between Hollyvale/Champery and Fannie Mae. -2- Case 3:17-cv-00162-MMD-WGC Document 34 Filed 09/08/17 Page 3 of 5 1 Including both entities should also lead to a final and efficient adjudication as to title and 2 proceeds distribution. 3 Further adding to the need for an extension of all deadlines, Hollyvale/Champery and 4 Fannie Mae have engaged in extensive and complex settlement discussions since early to mid- 5 July. Such discussions not only involve the property at issue in this case, but several other 6 properties currently owned by Hollyvale/Champery (or their affiliates) and where Fannie Mae or 7 Freddie Mac is claiming an interest. 8 Mae/Freddie Mac are attempting to arrive at a global settlement involving all of their properties. 9 Both have spent considerable time over the past two months researching and gathering data on 10 the properties to be included in a proposed global settlement, and more time is still needed. Of 11 course the overarching purpose of such a global settlement is to avoid the time and expense 12 associated with litigation. 13 achievable. In other words, Hollyvale/Champery and Fannie Both parties are currently optimistic that a global settlement is LR 26-4 14 Since the discovery deadline is being affected by this Stipulation, the Parties submit the 15 16 following pursuant to LR 26-4. 17 A. Discovery that has been completed. 18 The Parties have exchanged their initial disclosures pursuant to FRCP 26. On August 15, 19 2017, and in the midst of settlement discussions, Hollyvale served requests for admission, 20 requests for production, and interrogatories on Fannie Mae. 21 B. Discovery that needs to be completed. 22 The Parties are optimistic that the ongoing settlement discussions will alleviate the need 23 for any further discovery and effectively resolve this case as well as several others. This will 24 undoubtedly save on time and litigation costs. 25 To the extent the Parties come to an impasse with settlement discussions, Fannie Mae 26 will need time to respond to the discovery requests mentioned in section A above. 27 Hollyvale/Champery believes it will need to conduct additional written discovery on claims in 28 the complaint, the affirmative defenses in an answer, experts may need to be disclosed, and -3- Case 3:17-cv-00162-MMD-WGC Document 34 Filed 09/08/17 Page 4 of 5 1 expert discovery. The Parties also anticipate the foreclosing HOA and/or its trustee will want the 2 opportunity to conduct discovery. 3 C. 4 Reason why the deadline was not satisfied or the remaining discovery was not complete within the time limits set by the discovery plan. 5 The existing dates were based upon the parties present in the litigation at the time the 6 Discovery Plan and Scheduling Order was entered, and most importantly before settlement 7 discussions actively began in July. Since that time it has become clear that the presence of 8 additional parties would assist with a final adjudication of title and a complete settlement. The 9 Parties further note that this is a developing area of law with evolving precedents being 10 established within both the Ninth Circuit and Nevada State Courts. These ongoing developments 11 affect the discovery required by the Parties. 12 Hollyvale/Champery and Fannie Mae have also engaged in complex settlement 13 discussions involving a number of properties, as there are a number of cases between Hollyvale 14 or its affiliates and Fannie Mae. Both are diligently working towards a global settlement of all 15 matters to avoid the time of expense of discovery and further motion practice in this case and 16 several others. Hollyvale/Champery and Fannie Mae have spent considerable time researching 17 and gathering data concerning the properties to be included in a global settlement and presently 18 believe time is best allocated to fully exploring the ongoing global settlement rather than 19 potentially unnecessary discovery. 20 consuming over the past two months, but both parties believe that these discussions will resolve 21 not only the instant matter, but a number of other cases as well. 22 D. These discussions are ongoing and have been time Proposed schedule for completing all remaining discovery. 23 The Parties propose to extend the deadline to add parties and amend pleadings to 24 September 29, 2017. As for the remaining deadlines, including discovery, expert and dispositive 25 motions, the Parties propose a short stay of these deadlines for two primary reasons. First, 26 because of the ongoing settlement discussions. Second, because the foreclosing HOA and its 27 trustee will need to appear and will likely want to provide their input on a suitable discovery plan 28 and scheduling order. The Parties propose only a short 90-day stay through December 1, 2017. -4- Case 3:17-cv-00162-MMD-WGC Document 34 Filed 09/08/17 Page 5 of 5 1 The Parties will prepare a Joint Status Report as to settlement efforts, or if settlement efforts 2 have unexpectedly stalled, provide the Court with an updated Discovery Plan and Scheduling 3 Order with the foreclosing HOA and trustee’s involvement. 4 Based upon the foregoing, the Parties respectfully request that the Court extend the 5 deadlines in the Scheduling Order in accordance with this Stipulation. 6 DATED this ____ day of September, 2017. 7 HUTCHISON & STEFFEN, LLC ALDRIDGE PITE, LLP __/s/ Bradley G. Sims_____________ John T. Steffen (4390) Bradley G. Sims (11713) Peccole Professional Park 10080 West Alta Drive, Suite 200 Las Vegas, NV 89145 bsims@hutchlegal.com Attorneys for Plaintiff Hollyvale Rental Holdings, LLC __/s/ Anthony R. Sassi___________________ Laurel I. Handley (9576) Anthony R. Sassi (12486) 520 South 4th Street, Suite 360 Las Vegas, NV 89101 asassi@aldridgepite.com Attorneys for Defendant Federal National Mortgage Association 8 9 10 11 12 13 14 15 16 17 18 19 IT IS SO ORDERED. _____________________________________ UNITED STATES MAGISTRATE JUDGE 20 21 September 11, 2017 Dated: __________________________ 22 23 24 25 26 27 28 -5-

Disclaimer: Justia Dockets & Filings provides public litigation records from the federal appellate and district courts. These filings and docket sheets should not be considered findings of fact or liability, nor do they necessarily reflect the view of Justia.

Why Is My Information Online?