Wells Fargo’s Nevada Mortgages May Get Top Court Test

A court conflict testing some Nevada mortgage holdings of Wells Fargo and other major banks affected by homeowners’ association liens may be headed to the U.S. Supreme Court ( Bourne Valley Court Tr. v. Wells Fargo Bank N.A. , U.S., 16-cv-01208, petition filed 4/3/17 ).  At issue is a Nevada law that allows a foreclosure by a homeowners’ association (HOA) to wipe out even first mortgages, as long as the HOA’s action is based on unpaid HOA fees over the previous nine months.    Read the article……….


Related Articles

Pudlit Revisited: Caution is Recommended for All, Including Condominium Associations

Pudlit…has made the collection of assessments a larger challenge against parties that buy property at mortgage foreclosure sales

HOA HOMEFRONT: When handrails, ramps are required

Q. In our condo complex, one set of stairs leading down to the garage lacks a handrail on the upper

Mold forces family to flee home

For the past two years, the Carlsons and their three children have battled constant illness, financial distress and emotional turmoil