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………..


Tags assigned to this article:
collectionscondoHOAliensNevada

Related Articles

(Las Vegas Review-Journal) EDITORIAL: Nevada Supreme Court rules for investor in super lien case

The Nevada Supreme Court perpetuated an absurd injustice last week when it decided that property rights and due process don’t

The Many Reasons to Support the Buck-A-Door Campaign (FL)

As a community manager, I attend the monthly educational luncheons presented by Community Associations Institute – Orange County Regional Chapter

The saga of solar panels

We applied for a permit to install solar panels on the roof of our house in Great Island of Plymouth