Nevada HOA super-priority lien statute preempted by federal law, holds U.S. District Court
On Monday, the U.S. District Court for Nevada issued significant decisions in three cases, holding that a foreclosure on a Nevada HOA’s super-priority lien could not extinguish a deed of trust securing a debt owned by a Government-Sponsored Enterprise (GSE). As previously noted on this blog, Chief Judge Navarro ruled a few weeks ago that the federal Housing and Economic Recovery Act (HERA) preempted state law to the extent that an HOA foreclosed on property for which a GSE was the record holder of the security interest. Read the article………..
A case recently released provides a great summary of enforcement principles in condominiums. Briefly, it was an application by a
Illinois Supreme Court Agrees to Decide Whether Third Party Buyer is Liable for Delinquent Assessments to Mortgagee’s Subsidiary
According to Section 9(g)(4) of the Illinois Condominium Property Act, any purchaser of a condominium unit who acquires a property
One of the bills that is still being considered in Tallahassee this year is HB 1357, Relating to Community Associations.