United States District Court, D. Nevada
U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR STRUCTURED ASSET SECURITIES CORPORATION MORTGAGE LOAN TRUST 2007-BNC1, MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2007-BNC1, Plaintiff,
SFR INVESTMENTS POOL 1, LLC, a domestic limited liability company; LOS PRADOS COMMUNITY ASSOCIATION, a domestic non-profit coop corp without stock; NEVADA ASSOCIATION SERVICES, INC., a domestic corporation, Defendants. SFR INVESTMENTS POOL 1, LLC, Counter/Cross-Claimant
U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR STRUCTURED ASSET SECURITIES CORPORATION MORTGAGE LOAN TRUST 2007-BNC1, MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2007-BNC1; SALVATORE A. MONCADA, an individual; MARY M. MONCADA, an individual, Counter/Cross-Defendants.
WRIGHT, FINLAY & ZAK, LLP Yanxiong Li, Esq. Attorney for
Plaintiff/Counter-Defendant, U.S. Bank National Association,
as Trustee for Structured Asset Securities Corporation
Mortgage Loan Trust 2007-BNC1, Mortgage Pass-Through
Certificates, Series 2007-BNC1
ALVERSON, TAYLOR, MORTENSEN SANDERS Adam R. Knecht, Esq.
Attorney for Defendant, Los Prados Community Association
STIPULATION AND ORDER TO TEMPORARILY STAY CASE
U.S. Bank National Association, as Trustee for Structured
Asset Securities Corporation Mortgage Loan Trust 2007-BNC1,
Mortgage Pass-Through Certificates, Series 2007-BNC1
(“U.S. Bank”) and Defendant, Los Prados Community
Association (“HOA”) (collectively, the
“Parties”), by and through their respective
counsels of record, hereby stipulate and agree as follows:
or about June 15, 2017, the Plaintiff filed a complaint
alleging various causes of action stemming from an HOA
foreclosure sale conducted on behalf of HOA.
Discovery closed in this matter on January 8, 2018 [ECF No.
filed its Motion for Summary Judgment [ECF No. 62] on
February 7, 2018. The current deadline for U.S. Bank to file
any response to HOA's Motion for Summary Judgment is
April 25, 2018 [see ECF No.69].
undersigned attorneys are engaged in settlement discussions
and are hopeful that a resolution may be had, in lieu of
further motion practice and/or proceeding to trial.
the interest of judicial economy, the parties agree that if
this matter is settled, then the completion of dispositive
motions will not be a good use of the party's resources
parties stipulate to stay this case, including dispositive
motion deadlines, subject to these deadlines being reset upon
the filing of a notice by any party that a settlement is/was
the event that settlement fails, then U.S. Bank would have 14
days from the date of the filing of the notice that
settlement failed, to file a response to HOA's Motion for
Summary Judgment. HOA shall have 7 days from the date of
service of U.S. Bank's response to file any reply in
support of its Motion for Summary Judgment.
IS HEREBY STIPULATED AND AGREED that all proceedings
in this lawsuit are stayed, and all upcoming deadlines,
hearings and conferences, including the deadline to file
dispositive motions are hereby STAYED pending further
settlement discussions between the parties;
IS FURTHER STIPULATED AND AGREED that if a
settlement is reached, the parties will file a stipulation