HOAs, Super Priority Liens, and Foreclosures Life After SFR Investments v. US Bank
Recently, the Nevada Supreme Court tackled two critical issues: First, whether a homeowners’ association (“HOA”) is a super priority lien on a property for up to 9 months of unpaid HOA dues; and second, whether such lien can be foreclosed upon nonjudicially. These issues were decided in the affirmative in SFR Investments Pool 1 v. US Bank, 334 P.3d 408 (2014). Read the article……….
The Florida legislature approved sweeping changes to condominium association rules that could make it more difficult for a developer to
The Michigan Legislature has passed an amendment to Section 57 of the Michigan Condominium Act (MCL 559.157) which is intended