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9th Circuit Finds HOA Foreclosure Cannot Extinguish FHFA Interest (NV)

/ Owner - June 4, 2020

The Ninth Circuit relied on the Housing and Economic Recovery Act of 2008 (HERA) in ruling that Fannie Mae’s financial interest in a loan purchased in 2003 could not be extinguished by a foreclosure sale initiated by the property’s neighborhood HOA. This ruling is the most recent case in a number of cases over the last decade addressing issues surrounding HOA foreclosure actions in Nevada.   Read the article………………………………

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