The state Supreme Court on Thursday issued two rulings bolstering homeowners associations’ ability to sell houses through foreclosure. Nevada’s highest court unanimously ruled that a 2014 decision upholding HOAs’ ability to foreclose ahead of mortgage lenders can be retroactively applied to foreclosures that took place before that ruling. Separately, the seven-member panel also unanimously reversed a Clark County District Court’s decision to dismiss a lawsuit by a homebuyer who acquired a property through an HOA foreclosure and sued to wipe out the prior owners’ and lender’s rights to the house. Read the article…………..
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