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Bank of America, N.A. v. Riverwalk Ranch Master Homeowner's Association, 2:17-cv-01967-APG-CWH. (2018)

Court: District Court, D. Nevada Number: infdco20180711d91 Visitors: 5
Filed: Jul. 10, 2018
Latest Update: Jul. 10, 2018
Summary: STIPULATION FOR DISMISSAL AND RELEASE OF DEED OF TRUST ANDREW P. GORDON , District Judge . Plaintiff Bank of America, N.A. ("BANA"), SFR Investments Pool 1, LLC ("SFR"), and Riverwalk Ranch Master Homeowner's Association ("HOA") stipulate as follows: 1. This matter relates to real property located at 6029 Sea Cliff Cove St., N. Las Vegas, Nevada 89031. 2. Bank of America is the beneficiary of a deed of trust encumbering the property, which was recorded on April 14, 2008 as instrument numb
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STIPULATION FOR DISMISSAL AND RELEASE OF DEED OF TRUST

Plaintiff Bank of America, N.A. ("BANA"), SFR Investments Pool 1, LLC ("SFR"), and Riverwalk Ranch Master Homeowner's Association ("HOA") stipulate as follows:

1. This matter relates to real property located at 6029 Sea Cliff Cove St., N. Las Vegas, Nevada 89031.

2. Bank of America is the beneficiary of a deed of trust encumbering the property, which was recorded on April 14, 2008 as instrument number 20080414-0003854 in the official records of Clark County, Nevada.

3. On January 24, 2013, the HOA, through its agent Alessi & Koenig, LLC, recorded a trustee's deed upon sale as instrument number 201301240002562 in the official records of Clark County, Nevada, reflecting that SFR purchased the property at the HOA's foreclosure sale on January 16, 2013.

4. On July 19, 2017, BANA initiated this lawsuit against SFR and the HOA related to the effect of the HOA's foreclosure sale on its deed of trust.

5. The parties now stipulate to dismiss all claims asserted in this action, with each party to bear its own attorneys' fees and costs.

6. The parties further stipulate that within 45 days of dismissal of this action, BANA shall cause to be executed and recorded in the Clark County Recorder's Office a Substitution of Trustee and Full Reconveyance which reconveys all interest in the estate under the Deed of Trust, thereby removing it as an encumbrance to the Property. BANA shall also record a release of the lis pendens recorded against the property on July 20, 2018.

IT IS SO ORDERED.

Source:  Leagle

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