Filed: Dec. 17, 2018
Latest Update: Dec. 17, 2018
Summary: STIPULATION AND ORDER TO 1) DISMISS CLAIMS BETWEEN JPMORGAN CHASE BANK, N.A., SEVEN HILLS MASTER ASSOCIATION, AND SFR INVESTMENTS POOL 1, LLC WITH PREJUDICE, AND 2) LIFT STAY ENTERED MARCH 21, 2018 [ECF NO. 39] GLORIA M. NAVARRO , Chief District Judge . Pursuant to Local Rules LR IA 6-2 and LR 7-1, Plaintiff/Counter-Defendant JPMorgan Chase Bank, N.A. ("Chase"), Defendant/Counterclaimant/Cross-Claimant SFR Investments Pool 1, LLC ("SFR"), and Defendant Seven Hills Master Community Associati
Summary: STIPULATION AND ORDER TO 1) DISMISS CLAIMS BETWEEN JPMORGAN CHASE BANK, N.A., SEVEN HILLS MASTER ASSOCIATION, AND SFR INVESTMENTS POOL 1, LLC WITH PREJUDICE, AND 2) LIFT STAY ENTERED MARCH 21, 2018 [ECF NO. 39] GLORIA M. NAVARRO , Chief District Judge . Pursuant to Local Rules LR IA 6-2 and LR 7-1, Plaintiff/Counter-Defendant JPMorgan Chase Bank, N.A. ("Chase"), Defendant/Counterclaimant/Cross-Claimant SFR Investments Pool 1, LLC ("SFR"), and Defendant Seven Hills Master Community Associatio..
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STIPULATION AND ORDER TO 1) DISMISS CLAIMS BETWEEN JPMORGAN CHASE BANK, N.A., SEVEN HILLS MASTER ASSOCIATION, AND SFR INVESTMENTS POOL 1, LLC WITH PREJUDICE, AND 2) LIFT STAY ENTERED MARCH 21, 2018 [ECF NO. 39]
GLORIA M. NAVARRO, Chief District Judge.
Pursuant to Local Rules LR IA 6-2 and LR 7-1, Plaintiff/Counter-Defendant JPMorgan Chase Bank, N.A. ("Chase"), Defendant/Counterclaimant/Cross-Claimant SFR Investments Pool 1, LLC ("SFR"), and Defendant Seven Hills Master Community Association (the "Association") (collectively, the "Parties"),through their respective attorneys, stipulate as follows:
1. This action concerns title to real property commonly known as 1259 Panini Drive, Henderson, NV 89052 (the "Property") following a homeowner's association foreclosure sale conducted on March 6, 2013, with respect to the Property.
2. As it relates to the Parties, a dispute arose regarding that certain Deed of Trust recorded against the Property in the Official Records of Clark County, Nevada as Instrument Number 20050728-0004446 (the "Deed of Trust"), and in particular, whether the Deed of Trust continues to encumber the Property.
3. The Parties to this Stipulation have settled and agreed to release their respective claims, and further agreed that the claims between them, including the Complaint and Counterclaim, shall be DISMISSED with prejudice.
4. As Venancio H. Reyes, Jr. has not appeared in this action, Chase hereby voluntarily dismisses its claims against him pursuant to Fed. R. Civ. P. 41(a)(1)(A)(i).
5. Nothing in this Stipulation shall impact SFR's counterclaim against Real Time Resolutions, Inc. nor Mortgage Electronic Registration Systems, Inc. as Nominee Beneficiary for Countrywide Home Loans, Inc.
6. The Parties further stipulate and agree that the three Lis Pendens recorded against the Property in the Official Records of Clark County, Nevada, as Instruments Number 20131231-0000519, 20170329-0001446 and 20170713-0002324 be, and the same hereby are, EXPUNGED.
7. The Parties further stipulate and agree that the $500 in security costs posted by Chase on June 15, 2017 pursuant to this Court's Order [ECF No. 19] shall be discharged and released to the Ballard Spahr LLP Trust Account.
8. The Parties further stipulate and agree that a copy of this Stipulation and Order may be recorded with the Clark County Recorder;
9. The Parties further agree to lift the stay entered March 21, 2018 [ECF No. 39];
10. Each party in this case number 2:17-cv-00321-GMN-GWF shall bear its own attorneys' fees and costs.
IT IS SO ORDERED.
