RICHARD F. BOULWARE, II, District Judge.
Before the Court is Defendant SFR Investments Pool 1, LLC's ("SFR") Motion for Summary Judgment (ECF No. 64). The Court previously dismissed as time-barred all of Plaintiff U.S. Bank's claims with the exception for the unjust enrichment claim. The Court now grants SFR's Motion for Summary Judgment as to the unjust enrichment claim.
U.S. Bank filed its complaint on January 3, 2018 asserting various claims for declaratory relief and quiet title stemming from a nonjudicial foreclosure sale on a property for which it held a deed of trust. ECF No. 1.
On February 26, 2018, Defendant El Capitan Ranch Landscape Maintenance Association ("the HOA") filed a Motion to Dismiss. ECF No. 9. On April 16, 2018, SFR filed a Motion to Dismiss. ECF No. 23.
On April 30, 2018, the Court entered a scheduling order. ECF No. 26. On July 13, 2018, the Court denied the two pending motions to dismiss without prejudice and issued a stay in the case pending the Nevada Supreme Court's decision on a certified question of law regarding the notice requirements of Chapter 116 of the Nevada Revised Statutes ("NRS") in
On August 23, 2018, SFR filed the instant Renewed Motion to Dismiss. ECF No. 35. On September 13, 2018, the Court lifted the stay and issued an updated scheduling order. ECF No. 40. SFR filed the instant Motion to Stay on September 20, 2018. ECF No. 42. The HOA filed a Motion to Dismiss on September 24, 2018. ECF No. 45. Discovery closed on November 26, 2018. ECF No. 40.
On January 25, 2019, the HOA and SFR each filed Motions for Summary Judgment. ECF Nos. 63, 64.
On March 31, 2019, the Court issued an order that dismissed as time-barred all of U.S. Bank's claims with the exception of the unjust enrichment claim. ECF No. 68. SFR answered the complaint on April 15, 2019. ECF No. 69.
The Court finds the following facts to be undisputed. On or about November 14, 2005, Henry Lujan Jr. purchased real property located at 8768 Autumn Wreath Avenue, Las Vegas, Nevada 89129 (APN: 138-08-613-013) ("the Property").
The Deed of Trust executed by Lujan identified Ownit Mortgage Solutions, Inc. as the Lender, First American Title as the Trustee, and Mortgage Electronic Registration Systems, Inc. ("MERS") solely as a nominee for Lender and Lender's successors and assigns, securing a loan in the amount of $250,000.00. On December 28, 2011, an Assignment of Deed of Trust was recorded in which MERS as nominee for Ownit Mortgage Solutions, Inc. assigned all beneficial interest in the Deed of Trust to U.S. Bank.
On March 31, 2010, a Notice of Delinquent Assessment was recorded against the Property by Alessi & Koenig, LLC (the "HOA Trustee") on behalf of the HOA.
On August 31, 2010, a Notice of Default and Election to Sell under Homeowners Association Lien was recorded against the Property by the HOA Trustee on behalf of the HOA, stating that the amount due as of July 2, 2010 was $1,703.00.
On August 14, 2012, a Notice of Trustee's Sale was recorded against the Property by the HOA Trustee on behalf of the HOA, stating that the amount due as of the initial publication of the Notice of Sale was $2,869.00.
A nonjudicial foreclosure sale occurred on December 12, 2012 whereby SFR acquired its interest, if any, in the property for $10,000.00. The Trustee's Deed Upon Sale stated that the amount of the unpaid debt together with costs at the time of the HOA Sale was $3,577.00.
The Court does not find there to be any undisputed facts.
Summary judgment is appropriate when the pleadings, depositions, answers to interrogatories, and admissions on file, together with the affidavits, if any, show "that there is no genuine dispute as to any material fact and the movant is entitled to judgment as a matter of law." Fed. R. Civ. P. 56(a);
Unjust enrichment is a theory of restitution in which a plaintiff confers a benefit and seeks payment of "as much as he ... deserve[s]" for that benefit.
The Court previously found that U.S. Bank could only proceed on its unjust enrichment claim as to an alleged benefit sustained by SFR as a result of U.S. Bank's alleged payment of taxes, insurance or HOA assessments since the time of the foreclosure sale.
The Clerk of the Court is instructed to enter judgment accordingly and close the case.