Filed: Apr. 10, 2018
Latest Update: Apr. 10, 2018
Summary: JOINT STATUS REPORT PEGGY A. LEEN , Magistrate Judge . Plaintiff, HSBC Bank USA, National Association, as Trustee, in Trust for the Registered Holders of Ace Securities Corp., Home Equity Home Loan Trust, Series 2006-NC3, Asset-Backed Pass Through Certificates (hereinafter "Plaintiff"), Defendant, Thunder Properties, Inc. (hereinafter "Thunder Properties"), and Defendant, Eagle Canyon Estates Association (hereinafter "Eagle Canyon") (collectively, the "Parties"), by and through their attorn
Summary: JOINT STATUS REPORT PEGGY A. LEEN , Magistrate Judge . Plaintiff, HSBC Bank USA, National Association, as Trustee, in Trust for the Registered Holders of Ace Securities Corp., Home Equity Home Loan Trust, Series 2006-NC3, Asset-Backed Pass Through Certificates (hereinafter "Plaintiff"), Defendant, Thunder Properties, Inc. (hereinafter "Thunder Properties"), and Defendant, Eagle Canyon Estates Association (hereinafter "Eagle Canyon") (collectively, the "Parties"), by and through their attorne..
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JOINT STATUS REPORT
PEGGY A. LEEN, Magistrate Judge.
Plaintiff, HSBC Bank USA, National Association, as Trustee, in Trust for the Registered Holders of Ace Securities Corp., Home Equity Home Loan Trust, Series 2006-NC3, Asset-Backed Pass Through Certificates (hereinafter "Plaintiff"), Defendant, Thunder Properties, Inc. (hereinafter "Thunder Properties"), and Defendant, Eagle Canyon Estates Association (hereinafter "Eagle Canyon") (collectively, the "Parties"), by and through their attorneys of record, hereby submit the following status report as instructed by the Court.
Pursuant to the Order dated October 31, 2017 (ECF No. 47), the Parties are currently finalizing a global settlement agreement, which has been fully executed by all parties. In addition, the settlement funds have been received from Thunder Properties, Inc. Plaintiff's counsel is awaiting receipt of the settlement funds from Eagles Canyon Estates Association. Once the funds are received, a Stipulation for Dismissal will be filed with the Court. The Parties request an additional thirty (30) days to finalize the settlement in this action.
IT IS ORDERED that the parties shall have until May 9, 2018, to either file a stipulation to dismiss with prejudice, or the joint pretrial order. No further extensions will be allowed.
