Nevada HOA foreclosures cannot extinguish deeds of trust held by Fannie Mae, holds U.S. district court

Yesterday, the U.S. District Court for the District of Nevada issued an important ruling concerning the litigation over whether homeowners’ association foreclosures under Nevada’s super-priority lien statute (NRS 116.3116) can extinguish first deeds of trust when the underlying indebtedness is owned by a Government-Sponsored Enterprise (GSE) like Federal National Mortgage Association (Fannie Mae) or Federal Home Loan Mortgage Company (Freddie Mac).     Read the article………..


Related Articles

California Appellate Court Affirms Association’s Right to Impose Restrictions on Hardwood Flooring

One of the consistent issues plaguing condominium associations is that of unapproved hardwood floors. Often installed in an attempt not

New legislation proposed (WA)

The Washington State Legislative Action Committee for CAI (LAC) has announced that Senate Bill Senate Bill (SB) 5263 – the

(CO) Lawmakers try a new strategy to help bring condos back to Colorado

A precision-strike approach at the state Capitol to reform Colorado’s construction defects laws — rather than a comprehensive, catch-all bill