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Can First Deeds of Trust Survive an HOA Foreclosure in Wake of the SFR Investments Decision (NV)?

/ Owner - April 24, 2015

In September 2014, the Nevada Supreme Court, in SFR Investments Pool 1, LLC v. U.S. Bank, N.A., 334 P.3d 408 (Nev. Sep. 18, 2014), held that a portion of a homeowners’ association lien for delinquent assessments has true super-priority status over a first deed of trust, meaning that the foreclosure of that lien could extinguish the first deed of trust.     Read the article………..

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