Title: SFR Investments Pool 1, LLC v. U.S. Bank N.A.
Citation: 138 Nev. Adv. Op. No. 22
Docket Number: 
State: Nevada
Issuer: Nevada Supreme Court
Date: April 7, 2022

SFR Investments Pool 1, LLC v. U.S. Bank N.A. Annotate this Case Justia Opinion Summary The Supreme Court denied a petition for rehearing of an order affirming the judgment of the district court in the underlying quiet title action, holding that this Court did not overlook or misapprehend any material fact in the record. Nev. Rev. Stat. 106.240 provides that ten years after a debt secured by a lien on real property has become "wholly due" and has remained unpaid, "it shall be conclusively presumed that the debt has been regularly satisfied and the lien discharged." At issue was what effect a notice of rescission has on the statute's ten-year time frame when it is recorded after a notice of default. The Supreme Court affirmed the judgment in this case consistent with its unpublished decision in Glass v. Select Portfolio Servicing, Inc., No. 78325, 2020 WL 3604042 at *1 (Nev. July 1, 2020). Appellant sought rehearing. The Supreme Court denied rehearing, holding that the Court did not overlook or misapprehend any material facts. Read more Want to stay in the know about new opinions from the Supreme Court of Nevada? Sign up for free summaries delivered directly to your inbox. Learn More › You already receive new opinion summaries from Supreme Court of Nevada. Did you know we offer summary newsletters for even more practice areas and jurisdictions? Explore them here . Opinion Annotation Download PDF Primary Holding The Supreme Court denied a petition for rehearing of an order affirming the district court's judgment in the underlying quiet title action, holding that this Court did not overlook or misapprehend any material fact. Disclaimer: Justia Annotations is a forum for attorneys to summarize, comment on, and analyze case law published on our site. Justia makes no guarantees or warranties that the annotations are accurate or reflect the current state of law, and no annotation is intended to be, nor should it be construed as, legal advice. Contacting Justia or any attorney through this site, via web form, email, or otherwise, does not create an attorney-client relationship. SFR Investments Pool 1, LLC v. U.S. Bank N.A. Primary Holding The Supreme Court denied a petition for rehearing of an order affirming the district court's judgmen... Read the full annotations for this case. Webinars You Might Like: Please visit individual webinar pages for more information about CLE accreditation.