U.S. Bank, N.A., as Trustee, Successor in Interest to Wachovia Bank National Association v. Fidelity National Title Group, Inc.

CourtDistrict Court, D. Nevada
DecidedNovember 29, 2021
Docket2:21-cv-00339
StatusUnknown

This text of U.S. Bank, N.A., as Trustee, Successor in Interest to Wachovia Bank National Association v. Fidelity National Title Group, Inc. (U.S. Bank, N.A., as Trustee, Successor in Interest to Wachovia Bank National Association v. Fidelity National Title Group, Inc.) 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
U.S. Bank, N.A., as Trustee, Successor in Interest to Wachovia Bank National Association v. Fidelity National Title Group, Inc., (D. Nev. 2021).

Opinion

1 UNITED STATES DISTRICT COURT

2 DISTRICT OF NEVADA

3 U.S. BANK, N.A., AS TRUSTEE, ) 4 SUCCESSOR IN INTEREST TO ) WACHOVIA BANK NATIONAL ) Case No.: 2:21-cv-00339-GMN-VCF 5 ASSOCIATION ON BEHALF OF AS ) TRUSTEE GSAA HOME EQUITY TRUST ) ORDER 6 2005-11, ASSET-BACKED CERTIFICATES, ) 7 SERIES 2005-11, ) ) 8 Plaintiff, ) vs. ) 9 ) 10 FIDELITY NATIONAL TITLE GROUP, ) INC., et al., ) 11 ) Defendants. ) 12 ) 13 14 Pending before the Court is the Motion to Remand, (ECF No. 7), filed by Plaintiff U.S. 15 Bank, N.A., as Trustee, Successor in Interest to Wachovia Bank National Association on behalf 16 of as trustee GSAA Home Equity Trust 2005-11, Asset-Backed Certificates, Series 2005-11 17 (“Plaintiff”). Defendant Chicago Title Insurance Company (“Chicago Title”) filed a Response, 18 (ECF No. 39),1 and Plaintiff filed a Reply, (ECF No. 42). 19 Also pending before the Court is Plaintiff’s Motion for Costs and Fees, (ECF No. 8). 20 Defendant Chicago Title filed a Response, (ECF No. 39), to which Plaintiff filed a Reply, (ECF 21 No. 42). 22 23 24 25 1 Defendant Chicago Title also filed a Request for Judicial Notice, (ECF No. 40). 1 Also pending before the Court is Defendant Chicago Title’s Motion to Dismiss, (ECF 2 No. 11). Plaintiff filed a Response, (ECF No. 30), to which Defendant Chicago Title filed a 3 Reply, (ECF No. 44). 4 Also pending before the Court is Defendant Ticor Title of Nevada, Inc.’s (“Ticor 5 Title’s”) Motion to Dismiss, (ECF No. 12). Plaintiff filed a Response, (ECF No. 29), to which 6 Defendant Ticor Title filed a Reply, (ECF No. 48). 7 Also pending before the Court is Defendant Fidelity National Title Group, Inc.’s 8 (“Fidelity’s”) Motion to Dismiss, (ECF No. 13). Plaintiff filed a Response, (ECF No. 28), to 9 which Defendant Fidelity filed a Reply, (ECF No. 47). 10 Also pending before the Court is Plaintiff’s Motion to Stay Briefing, (ECF No. 15). 11 Defendant Chicago Title filed a Response, (ECF No. 21), to which Plaintiff filed a Reply, (ECF 12 No. 24). 13 Also pending before the Court is Plaintiff’s Counter Motion for Partial Summary 14 Judgment, (ECF No. 31). Defendant Chicago Title filed a Response, (ECF No. 45), to which 15 Plaintiff filed a Reply, (ECF No. 50). 16 Also pending before the Court is Defendant Chicago Title’s Motion to Stay Case, (ECF 17 No. 36). Plaintiff filed a Response, (ECF No. 38), to which Defendant Chicago Title filed a 18 Reply, (ECF No. 41). 19 Also pending before the Court is Defendant Chicago Title’s Motion for Leave to File 20 Excess Pages, (ECF No. 46). No party filed a response. 21 For the reasons discussed below, the Court DENIES Plaintiff’s Motion to Remand and 22 Plaintiff’s Motion for Costs and Fees. The Court further DENIES as moot the remaining

23 motions. 24 25 1 I. BACKGROUND 2 This case arises from the non-judicial foreclosure sale of the real property located at 3 17270 Posy Lake Court, Cold Springs, Nevada 89506 (the “Property”). (Deed of Trust 4 (“DOT”), Ex. 9 to Pet. Removal, ECF No. 1-2). On June 22, 2005, Daniel Ireton (“Borrower”) 5 financed his purchase of the Property by way of a $217,500.00 loan secured by a DOT 6 identifying Mortgage Electronic Registration Systems, Inc. (“MERS”) as the beneficiary. (Id. at 7 1–2). The DOT was recorded on June 27, 2005. (Id.). The DOT was subsequently assigned to 8 Plaintiff on September 22, 2014, (See Corrective Assignment of DOT, Ex. 10 to Pet. Removal, 9 ECF No. 1-2). 10 In May 2010, upon Borrower’s failure to stay current on his loan obligations, Woodland 11 Village Homeowners Association (“HOA”) initiated foreclosure proceedings on the Property 12 through its agent, Hampton & Hampton P.C. (“Hampton”). (Notice of Delinquent Assessment 13 Lien, Ex. 13 to Pet. Removal, ECF No. 1-2). On June 22, 2010, HOA via Hampton recorded a 14 Notice of Default and Election to Sell. (Notice of Default and Election to Sell dated June 22, 15 2010, Ex. 14 to Pet. Removal, ECF No. 1-2). HOA via Hampton recorded a Notice of Default 16 on August 26, 2013. (Notice of Default and Election to Sell dated August 26, 2013, Ex. 15 to 17 Pet. Removal, ECF No. 1-2). Later, HOA via Hampton recorded a Notice of Sale on January 18 24, 2014. (Notice of Trustee’s Sale, Ex. 16 to Pet. Removal, ECF No. 1-2). On March 5, 2014, 19 HOA, through Hampton, proceeded with the foreclosure sale, selling the Property at a public 20 auction to Thunder Properties, Inc. (“Thunder”) for $10,000.00 (Trustee’s Deed Upon Sale, Ex. 21 17 to Pet. Removal, ECF No. 1-2). 22 On February 16, 2017, Plaintiff filed a complaint against HOA in Case No. 3:17-cv-

23 00106-MMD-WGC, alleging the following claims: (1) quiet title/declaratory relief pursuant to 24 NRS 30.010 et seq. and NRS 40.010; (2) declaratory relief under Amendments V and XIV; (3) 25 quiet title under Amendments V and XIV; (4) preliminary and permanent injunctions requiring 1 Thunder to segregate and deposit all rent to the Court or a Court-approved trust account; and 2 (5) unjust enrichment. (Compl. ¶¶ 73–123, U.S. Bank National Association, as Trustee, 3 Successor in Interest to Wachovia Bank National Association, as Trustee for GSAA Home 4 Equity Trust 2005-11 v. Thunder Properties, Inc. et al, 3:17-cv-00106-MMD-WGC (D. Nev. 5 2017), ECF No. 1). The case ultimately settled. (See Compl. ¶ 95, Ex. 1 to Pet. Removal, ECF 6 No. 1). 7 On January 3, 2018, Plaintiff submitted a claim under the Title Insurance Policy (the 8 “Policy”) to Defendant Ticor Title. (See Notice of Title Insurance Claim, Ex. 19 to Pet. 9 Removal, ECF No. 1-2). In the claim, Plaintiff alleges that the Nevada Supreme Court’s 10 decision in SFR Investments Pool 1, LLC v. U.S. Bank, N.A., 130 Nev. Adv. Op. 75 (2014), 11 prejudices its secured interest in the Property. (Id. at 2). Based on this opinion, Plaintiff 12 requests, in the letter, that Ticor Title cure the title issues and indemnify Plaintiff pursuant to 13 the Policy. (Id.). On February 22, 2018, Defendant Chicago Title denied coverage, asserting 14 that it was not notified of the foreclosure sale “until January 10, 2018, which was more than 15 four years after learning of the Association Lien and more than three years after the Association 16 Lien foreclosed.” (See First Letter of Denial, Ex. 20 to Pet. Removal, ECF No. 1-2). Plaintiff, 17 on May 11, 2018, requested that Defendant Chicago Title reconsider its refusal to indemnify. 18 (See Request for Reconsideration of Title Claim, Ex. 21 to Pet. Removal, ECF No. 1-2). 19 Defendant Chicago Title maintained its prior position and again denied coverage. (See Second 20 Letter of Denial, Ex. 22 to Pet. Removal, ECF No. 1-2). 21 On February 26, 2021, Plaintiff filed the instant suit in the Second Judicial District Court 22 in Washoe County, Nevada, asserting the following claims: (1) declaratory judgment that the

23 Policy provided full coverage; (2) breach of contract; (3) bad faith and breach of the covenant 24 of good faith and fair dealing; (4) deceptive trade practices in violation of NRS § 41.600 and 25 NRS § 598.0915; and (5) violation of NRS 686A.310. (See Compl. ¶¶ 121–195). Two days 1 later, Defendants Fidelity, Chicago Title, and Ticor Title (collectively, “Defendants”) removed 2 the case based on diversity jurisdiction before any defendants were served.2 (See Pet. Removal 3 ¶ 2, ECF No. 1). Plaintiff subsequently filed the instant Motion for Remand and Motion for 4 Costs and Fees pursuant to 28 U.S.C.

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U.S. Bank, N.A., as Trustee, Successor in Interest to Wachovia Bank National Association v. Fidelity National Title Group, Inc., Counsel Stack Legal Research, https://law.counselstack.com/opinion/us-bank-na-as-trustee-successor-in-interest-to-wachovia-bank-nvd-2021.