Nevada Senate Passes Bill Affecting Super-Priority Liens in Foreclosure
The Nevada Legislature recently passed a bill intended, in part, to address issues resulting from the Nevada Supreme Court’s decision that a homeowners association lien is a true super-priority lien that, if foreclosed, extinguishes a first deed of trust. We wrote about the SFR Investments Pool I, LLC v. U.S. Bank, 130 Nev. Adv. Op. 75, 334 P.3d 408 (2014) decision in the October 9, 2014, edition of the Mortgage Banking Update. Read the article………..
Four people have committed suicide, 29 people are under FBI indictment, 11 homeowners’ boards were swindled, over $100 million dollars
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’
Nevada and D.C. Courts Give Priority of Position to HOA Assessment “Superliens” Over First Mortgages
In late August, the D.C. Court of Appeals rendered a decision in Chase Plaza Condominium Association, Inc. v. J.P. Morgan