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Nevada district court bars foreclosure sale of first lien HUD-insured mortgage

/ Owner - November 24, 2014

Recently, a federal district court held that a homeowners association (HOA) foreclosure sale is not valid against HUD-insured loans. The District Court noted that the Ninth Circuit has held that federal rather than state law applies in cases involving FHA-insured mortgages to assure the protection of the federal program against loss, state law notwithstanding.      Read more………

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