Saticoy Bay LLC Series 2021 Gray Eagle Way v. JPMorgan Chase Bank, N.A.

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This appeal concerned the contested ownership of real property consisting of three lots. In 2012, JPMorgan Chase Bank, N.A. was assigned the beneficial interest of a deed of trust recorded against the property. In 2007, the Canyon Gate Master Association (CGMA) recorded a notice of default against the property. In 2009, Susan Hannaford filed a complaint against CGMA challenging an arbitration award relating to the property. In 2013, CGMA recorded a notice of foreclosure sale against Lots 21 and 26. Saticoy Bay LLC purchased the two lots and successfully moved to intervene in the action initiated by Hannaford’s complaint. In 2013, Saticoy filed its complaint in intervention. That same year, CGMA recorded a notice of foreclosure sale of Lot 22. CGMA purchased the lot, and Saticoy purchased the lot from CGMA by way of a quitclaim deed. In 2014, JPMorgan filed an answer to Saticoy’s complaint in intervention. The district court dismissed Hannaford’s complaint and Saticoy’s complaint in intervention with prejudice for failure to prosecute pursuant to Nev. R. Civ. P. 41(e). The Supreme Court reversed, holding (1) dismissal of the complaint in intervention was mandatory under Rule 41(e); but (2) the district court erred in dismissing the complaint in intervention with prejudice rather than without prejudice. Remanded. View "Saticoy Bay LLC Series 2021 Gray Eagle Way v. JPMorgan Chase Bank, N.A." on Justia Law