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DITECH FINANCIAL LLC v. SOMMERSET PARK HOMEOWNERS ASSOCIATION

Case No. 2:16-cv-1811-GMN-VCF.

DITECH FINANCIAL LLC F/K/A GREEN TREE SERVICING LLC, Plaintiff, v. SOMMERSET PARK HOMEOWNERS ASSOCIATION; SFR INVESTMENTS POOL 1, LLC; ALESSI & KOENIG, LLC, Defendants.

United States District Court, D. Nevada.

February 24, 2017.

Editors Note
Applicable Law: 28 U.S.C. § 1332
Cause: 28 U.S.C. § 1332 Diversity - Injunctive & Declaratory Relief
Nature of Suit: 290 Real Property: Other
Source: PACER

Attorney(s) appearing for the Case

Ditech Financial LLC, Plaintiff, represented by Vatana Lay , Akerman, LLP.

Ditech Financial LLC, Plaintiff, represented by Thera A. Cooper , Akerman LLP & Ariel E. Stern , Akerman LLP.

Sommerset Park Homeowners Association, Defendant, represented by Robert S. Larsen , Gordon & Rees LLP & Wing Yan Wong , Gordon & Rees, LLP.

SFR Investments Pool 1, LLC, Defendant, represented by Karen L. Hanks , Kim Gilbert Ebron, Diana Cline Ebron , Kim Gilbert Ebron & Howard C. Kim , Kim Gilbert Ebron.

Shelley D. Krohn, Trustee, represented by Jeanette E. McPherson , Schwartzer & McPherson Law Firm.

SFR Investments Pool 1, LLC, Cross Claimant, represented by Karen L. Hanks , Kim Gilbert Ebron, Diana Cline Ebron , Kim Gilbert Ebron & Howard C. Kim , Kim Gilbert Ebron.

SFR Investments Pool 1, LLC, Counter Claimant, represented by Karen L. Hanks , Kim Gilbert Ebron, Diana Cline Ebron , Kim Gilbert Ebron & Howard C. Kim , Kim Gilbert Ebron.

Ditech Financial LLC, Counter Defendant, represented by Vatana Lay , Akerman, LLP, Thera A. Cooper , Akerman LLP & Ariel E. Stern , 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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