Mortgage lenders got a break from a federal appeals court in a case involving a homeowners association super lien. The decision will impact many Nevada lawsuits.
Back in 2014, the Nevada Supreme Court held that, as a matter of lien priority, the foreclosure of a super lien for HOA assessments can extinguish a first mortgage.
But the Supreme Court did not address whether the provisions of NRS Chapter 116 — which governs notice to purported junior lienholders — were constitutional.
…read more
From:: Financing