Saticoy Bay Llc Ser. 1083 Sterling Peak Vs. Jpmorgan Chse Bank, N.A.
Saticoy Bay Llc Ser. 1083 Sterling Peak Vs. Jpmorgan Chse Bank, N.A.
Opinion
IN THE SUPREME COURT OF THE STATE OF NEVADA
SATICOY BAY LLC SERIES 1083 No. 76352 STERLING PEAK, Appellant, vs. FILED JPMORGAN CHASE BANK, N.A., Res • ondent. • SEP 1 2 2019 BROWN CLERK BY LIEPLITY CLERK
ORDER OF AFFIRMANCE This is an appeal from a district court order granting summary judgment in an action to quiet title. Eighth Judicial District Court, Clark County; Tierra Danielle Jones, Judge. Reviewing the summary judgment de novo, Wood v. Safeway, Inc., 121 Nev. 724, 729, 121 P.3d 1026, 1029 (2005), we affirm.1 In Saticoy Bay LLC Series 9641 Christine View v. Federal National Mortgage Assn, 134 Nev. 270, 272-74, 417 P.3d 363, 367-68 (2018), this court held that 12 U.S.C. § 4617(j)(3) (2012) (the Federal Foreclosure Bar) preempts NRS 116.3116 and prevents an HOA foreclosure sale from extinguishing a first deed of trust when the subject loan is owned by the Federal Housing Finance Agency (or when the FHFA is acting as conservator of a federal entity such as Freddie Mac or Fannie Mae). And in
'Pursuant to NRAP 34(f)(1), we have determined that oral argument is not warranted in this appeal.
SUPREME COURT Of NEVADA (0) I 947A /1-3P1'`f Nationstar Mortgage, LLC v. SFR Investments Pool 1, LLC, 133 Nev. 247, 250-51, 396 P.3d 754, 757-58 (2017), this court held that loan servicers such as respondent have standing to assert the Federal Foreclosure Bar on behalf of Freddie Mac or Fannie Mae. Consistent with these decisions, the district court correctly determined that respondent had standing to assert the Federal Foreclosure Bar on Freddie Mac's behalf and that the foreclosure sale did not extinguish the first deed of trust because Freddie Mac owned the secured loan at the time of the sale.2 Appellant contends that it is protected as a bona fide purchaser from the Federal Foreclosure Bar's effect. But we recently held that an HOA foreclosure sale purchaser's putative status as a bona fide purchaser is inapposite when the Federal Foreclosure Bar applies because Nevada law does not require Freddie Mac to publicly record its ownership interest in the subject loan. Daisy Trust v. Wells Fargo Bank, N.A., 135 Nev., Adv. Op. 30, 445, P.3d 846, 849 (2019). Appellant also raises arguments challenging the sufficiency and admissibility of respondent's evidence demonstrating Freddie Mac's interest in the loan and respondent's status as the loan's
2Appellant's reliance on Shadow Wood Homeowners Ass'n v. New York Community Bancorp, Inc., 132 Nev. 49, 366 P.3d 1105 (2016), is misplaced because the district court in this case did not grant respondent equitable relief. Rather, the district court determined that the deed of trust survived the foreclosure sale by operation of law (i.e., the Federal Foreclosure Bar).
SUPREME COURT OF NEVADA (0) I947A cntWgr). servicer, but we recently addressed and rejected similar arguments with respect to similar evidence. Id. at 850-51. Accordingly, the district court correctly determined that appellant took title to the property subject to the first deed of trust. We therefore ORDER the judgment of the district court AFFIRMED.3
C.J.
Gibb
, J. , Sr. J.
Stiglich Douglas
Hon. Tierra Danielle Jones, District Judge Law Offices of Michael F. Bohn, Ltd. Ballard Spahr LLP/Las Vegas Eighth District Court Clerk
3The Honorable Michael Douglas, Senior Justice, participated in the decision of this matter under a general order of assignment.
SUPREME COURT OF NEVADA
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