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