EDITORIAL: Super liens – Las Vegas Review-Journal
The Nevada Supreme Court made a major mistake in 2014 when it ruled that home-owners associations could wipe out a lender’s financial investment on certain homes. On Thursday, the justices revisited the matter in similar case and should seize the chance to reverse course and right an obvious absurdity. The controversy stems from a poorly written state statute dating to 1991 that is intended to protect HOAs from financial distress in the event of delinquent dues payments. The law allows these associations to initiate foreclosure proceedings in an effort to recover unpaid fees. Read the op-ed………….