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THE BANK OF NEW YORK MELLON v. PARADISE COURT HOMEOWNERS ASSOCIATION

Case No. 2:16-cv-390-GMN-NJK.

The Bank of New York Mellon, Plaintiff, v. Paradise Court Homeowners Association; Nevada Association Services, Inc.; SFR Investments Pool 1, LLC, Defendants. SFR Investments Pool 1, LLC, Counter/Cross Claimant, v. Carla Saavedra; Mortgage Electronic Registration Systems, Inc., The Bank of New York Mellon, Counter/Cross Defendants.

United States District Court, D. Nevada.

September 26, 2016.

Editors Note
Applicable Law: 28 U.S.C. § 1332
Cause: 28 U.S.C. § 1332 Diversity - Injunctive & Declaratory Relief
Nature of Suit: 220 Real Property: Foreclosure
Source: PACER

Attorney(s) appearing for the Case

The Bank of New York Mellon, Plaintiff, represented by Steven G. Shevorski , Akerman LLP.

The Bank of New York Mellon, Plaintiff, represented by Miles N. Clark , Knepper & Clark LLC & Melanie D. Morgan , Akerman LLP.

Paradise Court Homeowners Association, Defendant, represented by Sean L. Anderson , Leach Johnson Song & Gruchow & Timothy C. Pittsenbarger , Leach Johnson Song & Gruchow.

Nevada Association Services, Inc., Defendant, represented by Christopher V. Yergensen , Nevada Association Services, Inc..

SFR Investments Pool 1, LLC, Defendant, represented by Diana Cline Ebron , Kim Gilbert Ebron, Howard C. Kim , Kim Gilbert Ebron & Jacqueline A. Gilbert , Kim Gilbert Ebron.

SFR Investments Pool 1, LLC, Cross Claimant, represented by Diana Cline Ebron , Kim Gilbert Ebron, Howard C. Kim , Kim Gilbert Ebron & Jacqueline A. Gilbert , Kim Gilbert Ebron.

SFR Investments Pool 1, LLC, Counter Claimant, represented by Diana Cline Ebron , Kim Gilbert Ebron, Howard C. Kim , Kim Gilbert Ebron & Jacqueline A. Gilbert , Kim Gilbert Ebron.

The Bank of New York Mellon, Counter Defendant, represented by Steven G. Shevorski , Akerman LLP, Miles N. Clark , Knepper & Clark LLC & Melanie D. Morgan , Akerman LLP.

ORDER

Lenders and investors have been at odds over the legal effect of a homeowners' association's ("HOA") nonjudicial foreclosure of a superpriority lien on a lender's first trust deed pursuant to Nevada Revised Statutes § 116.3116. See Freedom Mortg. Corp. v. Las Vegas Dev. Grp., LLC,...

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