Searching over 5,500,000 cases.


searching
Buy This Entire Record For $7.95

Download the entire decision to receive the complete text, official citation,
docket number, dissents and concurrences, and footnotes for this case.

Learn more about what you receive with purchase of this case.

U.S. Bank National Association v. SFR Investments Pool 1, LLC

United States District Court, D. Nevada

April 2, 2019

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,
v.
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
v.
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. Nevada Bar No. 12807 Attorney for 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. Nevada Bar No. 13166 Attorney for Defendant, Los Prados Community Association

          STIPULATION AND ORDER FOR DISMISSAL OF LOS PRADOS COMMUNITY ASSOCIATION

         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 (hereinafter “U.S. Bank”), Defendant, Los Prados Community Association (“HOA”), by and through the undersigned counsels hereby stipulate and agree as follows: WHEREAS:

         1. The real property which is the subject of this case is commonly known as 5404 Singing Hills Drive, Las Vegas NV 89130, APN No. 125-36-113-002 (“Property”) and is part of the Los Prados Community Association (“HOA');

         2. U.S. Bank is the holder of a first Deed of Trust securing a loan in the amount of $344, 250.00 made on or about May 25, 2007 (“Note”), by Mary M. Moncada (“Borrower”) and recorded on June 8, 2007 in the Official Records of Clark County, Nevada as Book and Instrument No. 20070608-0000660 (“Deed of Trust”);

         3. On May 9, 2011, a Notice of Default and Election to Sell was recorded against the Property by Nevada Association Services, Inc. (“NAS”), as agent for HOA;

         4. On October 17, 2011, a Notice of Foreclosure Sale was recorded against the Property by NAS, as agent for HOA;

         5. On April 5, 2013, a second Notice of Foreclosure Sale was recorded against the Property by NAS, as agent for HOA;

         6. NAS sold the Property on behalf of HOA on April 26, 2013 (“HOA Sale”) to SFR by Foreclosure Deed;

         7. As a result of the HOA Sale, NAS collected proceeds in excess of the HOA's statutory lien in the amount of $8, 816.43 (the “Excess Proceeds”); 8. On April 29, 2013, a Foreclosure Deed naming SFR as the grantee was recorded as Book and Instrument No. 201304290001692 in the official records of the Clark County Recorder;

         9. On June 15, 2017, U.S. Bank filed a Complaint for Quiet Title and Wrongful Foreclosure in this action, naming SFR, HOA and NAS [ECF No. 1];

         10. On July 21, 2017, HOA filed an Answer to U.S. Bank's Complaint [ECF No. 14];

         11. On July 24, 2017, SFR filed an Answer to U.S. Bank's Complaint and a Counterclaim/Crossclaim against U.S. Bank, Borrower and Salvatore A. Moncada for Quiet Title [ECF No. 16];

         12. On September 8, 2017, U.S. Bank filed a Motion for Summary Judgment [ECF No. 24], which both SFR and HOA opposed [ECF Nos. 31 and 33]. SFR also filed a Motion for FRCP 56(d) ...


Buy This Entire Record For $7.95

Download the entire decision to receive the complete text, official citation,
docket number, dissents and concurrences, and footnotes for this case.

Learn more about what you receive with purchase of this case.