Whose Lien Has Priority — The Secured Lender (Mortgagee) or Homeowner Association? The Answer Is “It Depends”
Every state has a law regarding recording of liens, and recording statutes typically fall within one of three categories: (i) a race statute (e.g., the first to record the lien has priority); (ii) notice (e.g., these statutes typically protect a subsequent lienholder provided such lienholder does not have notice of the prior lien, whether through actual notice, by means of the public records, or otherwise); Read the article………..
Today’s column continues with our review of laws of interest to community associations enacted during the 2013 Legislative Session. Read
“Dues are an important part of living in an HOA because the money is used to keep the HOA funded.
Nevada Fed. Court Denies Class Cert. on ‘Ascertainability’ Grounds, Confirms Fannie/Freddie Liens Not Extinguished by HOA Foreclosure
The U.S. District Court for the District of Nevada recently confirmed that a homeowner association’s foreclosure of its superpriority lien