The Nevada Supreme Court recently sent shockwaves through the mortgage lending industry when it issued its opinion in SFR Investments Pool 1, LLC v. U.S. Bank, N.A., holding that the foreclosure of an HOA lien could extinguish a prior-recorded first deed of trust. As addressed in our prior blog posts, those shockwaves continue to reverberate through the industry as both HOAs and lenders alike attempt to grasp the extent of the Nevada Supreme Court’s controversial ruling. Read the article………….
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