Is Nevada’s HOA solution just another problem for mortgage servicers?
Between 2010 and 2014, loan servicers and Investors in Nevada had thousands of liens potentially wiped out by HOA foreclosures. The reason being poorly written statutory language that, unbeknownst to just about everyone, including HOAs, loan originators and title companies. This created a super-lien for HOA dues that could wipe out an otherwise 1st position Deed of Trust at foreclosure. Read the article………..