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……….


Related Articles

Rogers Towers: Defeating Homeowner’s Association Claims for Unpaid Assessments in Foreclosure Cases

When is a first mortgagee not liable for any unpaid HOA assessments that came due prior to taking title? Judging

2014 Legislative Update Part 3 (IA)

The 2014 session of the Iowa General Assembly brought a few changes to the real estate practice in Iowa. This

Iowa: New law to allow for easier viewing of mechanic’s liens

Less than a week after Regency Homes LC went of business in 2008, contractors and suppliers filed mechanic’s liens in