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Landmark Equity Fund II, LLC v. Arias, 1:15-cv-00202-JLT. (2016)

Court: District Court, E.D. California Number: infdco20160404848 Visitors: 5
Filed: Apr. 01, 2016
Latest Update: Apr. 01, 2016
Summary: CONSENT ORDER RESOLVING CASE (Doc. 63) JENNIFER L. THURSTON , Magistrate Judge . Plaintiff and Defendants request entry of this Order. Having considered the record, the Court Orders: 1. The case involves real property described as: Lots 26 and 27 in Block 21 of Monte Vista Terrace, in the County of Kern, State of California, as per map, filed February 19, 1916 in Book 3, Page 12 of Maps, in the Office of the County Recorder of said county. Address: 1524 Lincoln Street, Bakersfield, Califo
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CONSENT ORDER RESOLVING CASE (Doc. 63)

Plaintiff and Defendants request entry of this Order. Having considered the record, the Court Orders:

1. The case involves real property described as:

Lots 26 and 27 in Block 21 of Monte Vista Terrace, in the County of Kern, State of California, as per map, filed February 19, 1916 in Book 3, Page 12 of Maps, in the Office of the County Recorder of said county. Address: 1524 Lincoln Street, Bakersfield, California 93305 Parcel No. 12815016, PIN: 128-150-16-00

2. On November 2, 2006, Defendant Arias executed promissory note in favor of WMC Mortgage Co. in the sum of $168,000.00, for which the Property was secured as collateral, per a Deed of Trust, dated 11/2/06, recorded 11/28/06, Kern County Document No. 0206291233.

3. On October 30, 2008, MERS assigned the Note and Deed of Trust to Liquidation Properties, Inc. n/k/a Citigroup Global Markets Realty Corp by an assignment recorded 12/18/08, Kern County Document No. 0208195464.

4. In June 2011, Citigroup sold the loan to Residential Fund 76 LLC which sold it to Landmark Financial Solutions, LLC [LFS].

5. On October 11, 2011, per the above purchase, Citigroup formally assigned the Note and Deed of Trust to Residential Fund 76, LLC, per an assignment not yet recorded.

6. On October 28, 2011, per the above purchase, Residential formally assigned the Note, Deed of Trust and 2010 Modification to LFS per an assignment not yet recorded. On 1/27/15, LFS assigned the Note, Deed of Trust and Modifications [the "Instruments"] to Plaintiff by an assignment not yet recorded. Plaintiff filed this suit to enforce the Note and Deed of Trust against the Defendants and the Property, which the Defendants contested.

7. Without any admission of liability, the parties agree to resolve this matter as follows:

a. In exchange for the sum of $80,000.00, paid or to be paid contemporaneously with this Order, Plaintiff cancels the Note and Deed of Trust and modifications of same and dismisses this case with prejudice by agreement of Defendants.

b. This Order may be recorded in the land records of Kern County, California to that effect, in addition to any other documents reasonably2 required to be executed and/or recorded regarding cancellation of the Note and Deed of Trust.

c. Plaintiff and the Defendants waive, release and discharge each other from any and all claims, demands and/or causes of action they may have had against each other, as to and/or related to this case, the Property, the Note, Deed of Trust and modifications, including all claims, demands, or causes of action set forth in the suit. These waivers, releases and discharges shall encompass the parties, their attorneys, agents and employees, heirs, assigns, successors and privies, including FCI Lender Services, Inc., former servicer of this loan, Landmark Financial Solutions, LLC and the family members of the Defendants, such as their domestic partners, spouse and children. The parties agree to bear and are responsible for own attorney's fees and costs.

8. The Court approves the resolution of this case, set forth in this Order, which contains the entire resolution of these matters between the parties, superseding all prior agreements and understandings between them, oral and written.

9. By the signatures of their counsel, Plaintiff and Defendants consent and agree to this Order, which the Court retains jurisdiction to enforce, including and making any and all further orders as just and equitable.

10. Any pending motions are dismissed as moot and pending deadlines are terminated. Pursuant to Federal Rule Civil Procedure 41, this case is DISMISSED with prejudice.

11. The Clerk is DIRECTED to close this case.

IT IS SO ORDERED.

Source:  Leagle

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