Court Opinion

ID: 5120634
Source: CourtListenerOpinion
Date Created: 2021-10-22 20:00:40.791405+00
Date Added: 2024-06-11T08:22:18.345621
License: Public Domain

NOT FOR PUBLICATION                           FILED
                    UNITED STATES COURT OF APPEALS                       OCT 22 2021
                                                                      MOLLY C. DWYER, CLERK
                                                                       U.S. COURT OF APPEALS
                           FOR THE NINTH CIRCUIT

PAMELA VALIN; JAMES VALIN,                      No.    20-16746

                Plaintiffs-Appellants,          D.C. No.
                                                2:19-cv-01785-GMN-DJA
 v.

NATIONSTAR MORTGAGE LLC; U.S.                   MEMORANDUM*
BANK, N.A., as Trustee, Successor In
Interest to Wachovia Bank, National
Association, as Trustee for GSR Mortgage
Loan Trust 2004-11, Mortgage Pass-
Through Certificates, Series 2004-11,

                Defendants-Appellees.

                   Appeal from the United States District Court
                            for the District of Nevada
                   Gloria M. Navarro, District Judge, Presiding

                           Submitted October 20, 2021**
                             San Francisco, California

      *
             This disposition is not appropriate for publication and is not precedent
except as provided by Ninth Circuit Rule 36-3.
      **
             The panel unanimously concludes this case is suitable for decision
without oral argument. See Fed. R. App. P. 34(a)(2).
Before: WATFORD and HURWITZ, Circuit Judges, and BAKER,*** International
Trade Judge

      A Nevada statute of repose, Nev. Rev. Stat. § 106.240, requires a party to sue

on a debt secured by real property within ten years after it becomes wholly due. The

defendants-appellees recorded three notices of default on a home owned by Pamela

and James Valin because payments on a promissory note were delinquent. The first

two notices were rescinded. Because the first notice was recorded in 2009, and the

creditors did not bring suit within ten years thereafter, the Valins claim their debt is

discharged under the Nevada statute of repose. The district court dismissed the

complaint, holding that under Nevada law the rescission of the 2009 notice also

rescinded any acceleration of the debt. We affirm.

      Under Nevada law, because the 2009 notice of default was rescinded less than

ten years after it was issued, the acceleration of the debt was also rescinded, and

Nev. Rev. Stat. § 106.240 is inapplicable. See Glass v. Select Portfolio Servicing

Inc., 466 P.3d 939, 2020 WL 3604042, at *1 (Nev. July 1, 2020); Bank of Am., NA

v. SFR Invs. Pool 1, LLC, 849 F. App’x 211, 212–13 (9th Cir. 2021). That the deed

of trust gives the borrower a right to reinstate after acceleration makes no difference,

as the deed of trust does not limit that option to the borrower. See Johnston v. U.S.

      ***
             The Honorable M. Miller Baker, Judge of the United States Court of
International Trade, sitting by designation.

                                           2
Bank Nat’l Ass’n, 466 P.3d 945, 2020 WL 3832873, at *2 (Nev. Ct. App. July 7,

2020) (stating that a loan document need not explicitly give a lender the right to

decelerate a loan obligation).

      AFFIRMED.

                                        3