The opinion of the court was delivered by: Morrison C. England, JR United States District Judge
ACTION STIPULATION TO EXTEND TIME REAL ESTATE LENDING, TRACY TO RESPOND TO FIRST AMENDED COMPLAINT AND ORDER [Local Rule 6-144] TO ALL PARTIES AND THEIR ATTORNEYS OF RECORD:
Complaint filed on May 13, 2009
Pursuant to Local Rule 6-144(a), this Stipulation is made by and between Plaintiffs EFRAIN RAMIREZ and MARY C. RAMIREZ (hereinafter, "Plaintiffs") and Defendants FIRST FRANKLIN FINANCIAL CORPORATION, erroneously sued as FIRST FRANKLIN A DIVISION OF NATIONAL CITY BANK A.K.A FIRST FRANKLIN (hereinafter, "FIRST FRANKLIN"), MORTGAGE ELECTRONIC REGISTRATIONS SYSTEMS, INC. (hereinafter, "MERS") and SELECT PORTFOLIO SERVICING, INC. (hereinafter, "SPS" or collectively as, "Defendants"). Plaintiffs and Defendants hereby stipulate and agree as follows:
1. While engaging in settlement negotiations, the Parties stipulated and obtained an order granting Defendants until December 23, 2009 to respond to the First Amended Complaint. The response to the First Amended Complaint was originally due on or before October 23, 2009.
2. Defendants conveyed a settlement offer, without admitting any liability, which they believe will likely resolve this action. Defendants' counsel has continued to follow-up with Plaintiffs counsel regarding the settlement. Defendants understand that Plaintiffs are reviewing this offer. As a result, the parties seek a further extension so that they may fully review the settlement potential without further unnecessary litigation in this action.
3. This is the third extension granted by Plaintiffs to Defendants to respond to the First Amended Complaint and it is for thirty-days.
4. This Stipulation is executed on behalf of all parties who are affected by this Stipulation.
Accordingly, Plaintiffs stipulate that FIRST FRANKLIN, MERS, and SPS may they file their response to the First Amended Complaint on or before January 23, 2010.
Attorney for Defendants FIRST FRANKLIN FINANCIAL CORPORATION erroneously sued as FIRST FRANKLIN A DIVISION OF NATIONAL CITY BANK a.k.a. FIRST FRANKLIN, MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC., and SELECT PORTFOLIO SERVICING, INC.