U.S. Bank, National Association, as Trustee for C-BASS Trust 2006-CB9, C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB9 v. SFR Investment Pool 1, LLC

1 UNITED STATES DISTRICT COURT 2 DISTRICT OF NEVADA — 3 — U.S. BANK, NATIONAL ASSOCIATION, ) 4 AS TRUSTEE FOR C-BASS TRUST 2006- ) CB9, C-BASS MORTGAGE LOAN ASSET- ) 5 BACKED CERTIFICATES, SERIES 2006- ) Case No.: 2:17-cv-00246-GMN-CWH CB9, ) — 6 — ) AMENDED ORDER 7 Plaintiff, ) vs. ) 8 ) SFR INVESTMENT POOL 1, LLC, et al., ) — 9 — ) 10 Defendants. ) ) — 11 — 12 On March 26, 2018, the Court granted summary judgment to Plaintiff U.S. Bank, N.A., 13 (“Plaintiff”) because, under Bourne Valley Court Trust v. Wells Fargo Bank, N.A., 832 F.3d 14 1154 (9th Cir. 2016), the Rancho Las Brisas Master Homeowners Association (“HOA”) 15 “foreclosed under a facially unconstitutional notice scheme” and therefore the “foreclosure 16 cannot have extinguished” Plaintiff’s deed of trust on the property. (Order 6:10–12, ECF No. 17 76). The Ninth Circuit has since held, however, that Nevada’s homeowner’s association 18 foreclosure scheme is not facially unconstitutional because the decision in Bourne Valley was 19 based on a construction of Nevada law that the Nevada Supreme Court has since made clear 20 was incorrect. See Bank of Am., N.A. v. Arlington W. Twilight Homeowners Ass’n, 920 F.3d 21 620, 624 (9th Cir. 2019) (recognizing that Bourne Valley “no longer controls the analysis” in 22 light of SFR Investments Pool1, LLC v. Bank of New York Mellon, 422 P.3d 1248 (Nev. 2018)). 23 Moreover, for orders from this district that relied on Bourne Valley Court Trust v. Wells Fargo 24 Bank, N.A., 832 F.3d 1154 (9th Cir. 2016), and were thereafter appealed, the Ninth Circuit 25 recently began reversing and remanding such orders in light of Bank of Am., N.A. v. Arlington 1 W. Twilight Homeowners Ass’n, 920 F.3d 620, 624 (9th Cir. 2019). See, e.g., U.S. Bank, N.A, v. 2 SFR Investments Pool 1, LLC, No. 18-16006, 2019 WL 6817304 , at *1 (9th Cir. Dec. 13, 3 2019). 4 To preserve judicial resources, the Court expresses its willingness to reconsider or 5 vacate its prior Order, (ECF No. 76).1 Accordingly, if the Court of Appeals for the Ninth 6 Circuit remands this case in light of this Order, 7 IT IS HEREBY ORDERED that the parties shall have thirty days from the date of 8 remand to file renewed dispositive motions. 9 IT IS FURTHER ORDERED that the Court’s prior Order, (ECF No. 87), is now 10 amended to conform with this Order. 11 The Clerk of Court shall deliver a copy of this Amended Order to the United States 12 Court of Appeals for the Ninth Circuit, Appeal Number 19-15955. — 13 — 14 DATED this __2_3__ day of December, 2019. — 15 — 16 ___________________________________ Gloria M. Navarro, District Judge — 17 — United States District Court — 18 — — 19 — — 20 — — 21 — 22 1 The Court previously vacated its Order, (ECF No. 76), through a later Order filed on December 18, 2019. (See Order, ECF No. 87). However, because this Court lacks jurisdiction over the aspects of the case properly 23 involved in the current appeal, the Court now AMENDS the December 18, 2019 Order, (ECF No. 87), in part to indicate the Court’s willingness to reconsider or vacate the prior judgment upon remand pursuant to Federal Rule 24 of Civil Procedure 62.1. Griggs v. Provident Consumer Discount Co., 459 U.S. 56, 58 (1982) (holding that the filing of a notice of appeal “confers jurisdiction on the court of appeals and divests the district court of its control 25 over those aspects of the case involved in the appeal”); Mendia v. Garcia, 874 F.3d 1118, 1121 (9th Cir. 2017) (remanding to district court to permit reconsideration of the judgment pursuant to Fed. R. Civ. P. 62.1 and Fed. R. App. P. 12.1).