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Federal National Mortgage Association v. Operture, Inc., 2:17-cv-01732-MMD-VCF. (2018)

Court: District Court, D. Nevada Number: infdco20180613f18 Visitors: 7
Filed: Jun. 12, 2018
Latest Update: Jun. 12, 2018
Summary: DEFAULT JUDGMENT MIRANDA M. DU , District Judge . The Court after review and consideration of Plaintiff FEDERAL NATIONAL MORTGAGE ASSOCIATION's ("Fannie Mae") Application for Default Judgment (ECF No. 15), the pleadings and papers on file herein, and good cause appearing, hereby enters Default Judgment in favor of Fannie Mae and against Defendant OPERTURE, INC. ("Operture") on the declaratory relief and quiet title causes of action or claims for relief under 12 U.S.C. 4617(j)(3) as follow
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DEFAULT JUDGMENT

The Court after review and consideration of Plaintiff FEDERAL NATIONAL MORTGAGE ASSOCIATION's ("Fannie Mae") Application for Default Judgment (ECF No. 15), the pleadings and papers on file herein, and good cause appearing, hereby enters Default Judgment in favor of Fannie Mae and against Defendant OPERTURE, INC. ("Operture") on the declaratory relief and quiet title causes of action or claims for relief under 12 U.S.C. § 4617(j)(3) as follows:

THE COURT FINDS that 12 U.S.C. § 4617(j)(3) preempts NRS 116.3116 to the extent that an NRS 116 foreclosure sale can extinguish Fannie Mae's property interest while Fannie Mae is under the conservatorship of the Federal Housing Finance Agency ("FHFA").

THE COURT FURTHER FINDS that Fannie Mae had a protected property interest under 12 U.S.C. § 4617(j)(3) and that FHFA did not consent to foreclosure or extinguishment of Fannie Mae's protected property interest.

NOW WHEREFORE, IT IS HEREBY ORDERED, ADJUDGED AND DECREED that Fannie Mae's Deed of Trust recorded on August 15, 2005 in the Office of the Clark County, Nevada Recorder as Instrument Number 20050815-0003472 (the "Deed of Trust"), and against the property located at 5191 Pioneer Ave #102 Las Vegas, Nevada 89146, APN 163-13-513-055, which is legally described in the Deed of Trust (hereinafter the "Property"), was not extinguished by that NRS 116 foreclosure sale reflected in that Foreclosure Deed recorded on February 23, 2015 in the Office of the Clark County, Nevada Recorder as Instrument Number 20150223-0001580.

IT IS FURTHER ORDERED, ADJUDGED AND DECREED that the Deed of Trust continues to remain a valid encumbrance against the Property and that any interest acquired by Operture, and/or its successors or assigns, remains subject to the Deed of Trust.

IT IS FURTHER ORDERED, ADJUDGED AND DECREED that this shall be a final judgment of this Court.

IT IS SO ORDERED, ADJUDGED AND DECREED.

Source:  Leagle

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