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Gumbs v. Litton Loan Servicing

August 3, 2009

CURT GUMBS AND KHEA GUMBS, PLAINTIFFS,
v.
LITTON LOAN SERVICING, ARGENT MORTGAGE COMPANY, LLC, U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE C-BASS MORTGAGE LOAN ASSET-BACKED CERTIFICATES, SERIES 2006-CB8, QUALITY LOAN SERVICE CORP., AMERICAN DISCOUNT MORTGAGE INC., TOM ZUMMO, LETRIFFA CRAWLEY, AND DOES 1 TO 20, INCLUSIVE, DEFENDANTS.



The opinion of the court was delivered by: Garland E. Burrell, Jr. United States District Judge

STIPULATION AND ORDER CONTINUING THE PARTIES' PARTICIPATION IN THE VOLUNTARY DISPUTE RESOLUTION PROGRAM

STIPULATION

WHEREAS, on June 8, 2009, the Court entered a stipulated order ("Order") instructing plaintiffs Curt and Khea Gumbs ("Plaintiffs") to file an amended complaint ("FAC") no later than June 24, 2009;

WHEREAS, the Order instructed defendants Litton Loan Servicing LP, U.S. Bank, National Association, as Trustee for the C-Bass Mortgage Loan Asset-Backed Certificates, Series 2006-CB8, and Argent Mortgage Co., LLC (collectively, "Defendants") to file an answer or otherwise respond to the FAC no later than July 15, 2009;

WHEREAS, Plaintiffs filed their FAC on June 24, 2009 and Defendants filed motions to dismiss on July 15, 2009;

WHEREAS, Defendants' motions to dismiss are currently set for hearing before this Court on August 31, 2009;

WHEREAS, on July 16, 2009, the Court referenced this action to the Voluntary Dispute Resolution Program ("VDRP");

WHEREAS, the parties have agreed upon a VDRP neutral;

WHEREAS, the parties believe that the Court's ruling on the pending motions to dismiss may narrow the issues (if any) that the parties will have to address during their participation in the VDRP; and

WHEREAS, although the parties have agreed upon a VDRP neutral, they believe that continuing their participation in the VDRP until after the Court rules on the sufficiency of the pleadings would serve the interests of judicial efficiency and conservation of judicial and party resources;

NOW THEREFOR, IT IS HEREBY STIPULATED AND REQUESTED by the parties hereto, through their respective counsel, that:

1. The parties need not participate in the VDRP until after the Court rules on the pending motions to dismiss the FAC;

2. In the event the pending motions to dismiss are granted with leave to amend, the parties need not participate in the VDRP until after the Court rules on any ...


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