Nevada State Court Ruling on Application of HERA to HOA Foreclosure Sales Holds Promise for Lenders and GSEs

by Editor | January 4, 2016 8:52 am

The first Nevada state court ruling on the federal Housing and Economic Recovery Act (HERA) holds that a deed of trust owned by a GSE cannot be extinguished by a homeowners’ association’s (HOA) foreclosure sale, a promising development for Fannie Mae, Freddie Mac, and lenders embroiled in quiet title cases with purchasers from HOA foreclosure sales.  Read the article…………..[1]

Endnotes:
  1. Read the article…………..: http://www.lexology.com/library/detail.aspx?g=7d95043c-8dee-4e18-94be-b9bb0b4fad75

Source URL: http://communityassociations.net/nevada-state-court-ruling-on-application-of-hera-to-hoa-foreclosure-sales-holds-promise-for-lenders-and-gses/