Deutsche Bank National Trust Company v. SFR Investments Pool I, LLC

CourtDistrict Court, D. Nevada
DecidedMarch 31, 2020
Docket2:15-cv-01664
StatusUnknown

This text of Deutsche Bank National Trust Company v. SFR Investments Pool I, LLC (Deutsche Bank National Trust Company v. SFR Investments Pool I, LLC) is published on Counsel Stack Legal Research, covering District Court, D. Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Deutsche Bank National Trust Company v. SFR Investments Pool I, LLC, (D. Nev. 2020).

Opinion

1 UNITED STATES DISTRICT COURT

2 DISTRICT OF NEVADA

3 * * * 4

5 DEUTSCHE BANK NATIONAL TRUST Case No.: 2:15-cv-01664-RFB-EJY COMPANY, AS TRUSTEE FOR GSAA ORDER 6 HOME EQUITY TRUST 2005-8, ASSET- BACKED CERTIFICATES, SERIES 7 2005-8, a California Company,

8 Plaintiff,

9 v.

10 SFR INVESTMENTS POOL 1, LLC, a Nevada Limited Liability 11 Company,

12 Defendant. 13 I. INTRODUCTION 14 Before the Court are Defendant SFR Investment Pool 1, LLC’s (“SFR”) Motion to Dismiss, 15 Plaintiff Deutsche Bank National Trust Company’s (“Deutsche Bank”) Motion for Summary Judgment, 16 and Defendant SFR’s Motion for Summary Judgment. ECF Nos. 32, 39, 40. For the following reasons, the 17 Court denies SFR’s Motions and grants Deutsche Bank’s Motion for Summary Judgment. 18 II. PROCEDURAL BACKGROUND 19 Plaintiff Deutsche Bank filed its complaint against SFR on August 27, 2015. ECF No. 1. The 20 complaint seeks declaratory relief that a nonjudicial foreclosure sale conducted by a homeowners’ 21 association under Nevada Revised Statutes (“NRS”) Chapter 116 in 2012 did not extinguish a deed of trust 22 on the property. Id. SFR moved to dismiss the case on March 29, 2016. ECF No. 16. The Court 23 administratively stayed the case and dismissed all pending motions without prejudice to refiling on 24 November 22, 2016 pending the issuance of the Ninth Circuit Court of Appeal’s mandate in Bourne Valley 25 - 1 - 1 Court Tr. v. Wells Fargo Bank. 832 F.3d 1154 (9th Cir. 2016) cert. denied 137 S. Ct. 2296 (2017), and the 2 Nevada Supreme Court’s resolution of a certified question. ECF Nos. 22, 26. On April 10, 2019, the Court 3 lifted the stay. ECF No. 31. SFR filed the instant motion to dismiss on April 30, 2019. ECF No. 32. The 4 motion was fully briefed. ECF Nos. 37, 38. Both Deutsche Bank and SFR moved for summary judgment 5 on June 17, 2019. ECF Nos. 39, 40. Both motions were fully briefed. ECF Nos. 44,45, 48, 49. 6 7 III. FACTUAL BACKGROUND 8 The Complaint alleges the following: 9 a. Factual Allegations in Complaint 10 On or about April 13, 2005, nonparty Brittney Jensen (“Jensen” or the “borrower”) purchased real 11 property located at 6160 Winston Falls Avenue, Las Vegas, Nevada 89139. The property was subject to 12 the covenants, conditions, and restrictions (“CC&Rs”) of the Lamplight Square at Coronado Ranch 13 Homeowners Association (“HOA”). The HOA requires homeowners to pay dues. 14 Jensen secured the loan for the property with a deed of trust identifying GreenPoint Mortgage 15 Funding Inc. as the lender, Marin Conveyancing Corp as the trustee and Mortgage Electronic Registration 16 Systems, Inc (“MERS”) as beneficiary acting solely as nominee for Lender. On October 8, 2010, a 17 Corporate Assignment of Mortgage/Deed of Trust was recorded that assigned all interest in the 2005 Note 18 and Deed of Trust to the GSAA Home Equity Tust 2005-8. On March 30, 2013, an assignment of deed of 19 trust was recorded that assigned all beneficial interest in the 2005 Note and Deed of Trust to Deustche 20 Bank. 21 Jensen fell behind on HOA payments. On July 20, 2011 and November 18, 2011, a notice of 22 delinquent assessment lien and notice of default and election to sell were recorded against the property, 23 respectively. 24 25 - 2 - 1 On February 2012, Bank of America, N.A., Deutsche Bank’s predecessor-in-interest sent the super- 2 priority lien amount through its attorneys at Miles Bauer, Bergstrom & Winters LLP (“Miles Bauer”) to 3 the HOA trustee Alessi & Koenig LLC. On February 6, 2012, Alessi & Koenig, LLC accepted the tendered 4 check. Despite the tender of the super-priority lien amount, the HOA proceeded with the nonjudicial sale 5 of the property in December 2011. On July 2, 2012, a notice of foreclosure sale under notice of delinquent 6 assessment lien was recorded against the property. A nonjudicial foreclosure sale occurred on July 25, 7 2012, where SFR purchased the property for $7,550. 8 b. Undisputed Facts 9 The Court finds the facts noted in the prior section to be undisputed as well as the facts in this 10 section. Miles Bauer inquired as to the payoff amount of the supepriority portion of the lien through 11 attorney Rock Jung. Alessi & Koenig LLC sent correspondence back to Miles Bauer indicating that the 12 monthly assessments were $152.38. No nuisance or maintenance charges were listed in the payoff 13 statement. Nine months of assessments at $152.38 is $1,371.41. Miles Bauer sent a check worth this amount 14 on February 2, 2012. Alessi’s employee Lani Diaz signed for receipt of the check on February 3, 2012. 15 IV. LEGAL STANDARD 16 a. Motion to Dismiss In order to state a claim upon which relief can be granted, a pleading must contain “a short and 17 plain statement of the claim showing that the pleader is entitled to relief.” Fed. R. Civ. P. 8(a)(2). In ruling 18 on a motion to dismiss for failure to state a claim, “[a]ll well-pleaded allegations of material fact in the 19 20 complaint are accepted as true and are construed in the light most favorable to the non-moving party.” 21 Faulkner v. ADT Security Servs., Inc., 706 F.3d 1017, 1019 (9th Cir. 2013). To survive a motion to 22 dismiss, a complaint must contain “sufficient factual matter, accepted as true, to state a claim to relief that 23 is plausible on its face,” meaning that the court can reasonably infer “that the defendant is liable for the 24 misconduct alleged.” Ashcroft v. Iqbal, 556 U.S. 662, 678 (2009) (citation and internal quotation marks 25 - 3 - omitted). Additionally, Federal Rule of Civil Procedure 12 also permits a party to move to dismiss a 1 complaint for “failure to join a party under Rule 19.” Fed. R. Civ. P. 12(b)(7). 2 b. Summary Judgment 3 4 Summary judgment is appropriate when the pleadings, depositions, answers to interrogatories, and 5 admissions on file, together with the affidavits, if any, show “that there is no genuine dispute as to any 6 material fact and the movant is entitled to judgment as a matter of law.” Fed. R. Civ. P. 56(a); accord 7 Celotex Corp. v. Catrett, 477 U.S. 317, 322 (1986). When considering the propriety of summary judgment, 8 the court views all facts and draws all inferences in the light most favorable to the nonmoving party. 9 Gonzalez v. City of Anaheim, 747 F.3d 789, 793 (9th Cir. 2014). If the movant has carried its burden, the 10 non-moving party “must do more than simply show that there is some metaphysical doubt as to the material 11 facts…. Where the record taken as a whole could not lead a rational trier of fact to find for the nonmoving 12 party, there is no genuine issue for trial.” Scott v. Harris, 550 U.S. 372, 380 (2007) (alteration in original) 13 (internal quotation marks omitted). It is improper for the Court to resolve genuine factual disputes or make 14 credibility determinations at the summary judgment stage. Zetwick v. Cty. of Yolo, 850 F.3d 436, 441 (9th 15 Cir.

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Deutsche Bank National Trust Company v. SFR Investments Pool I, LLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/deutsche-bank-national-trust-company-v-sfr-investments-pool-i-llc-nvd-2020.