NV Supreme Ct Upholds Decision Giving HOA Lien Priority Over $885,000 First Trust Deed

Nevada State Supreme Court decision (September 18, 2014):

The Nevada State Supreme Court has ruled that a homeowners association’s foreclosure of a super priority lien can extinguish a first deed of trust on the property.

The property in question was owned by a real estate investment company that acquired title by purchasing the property at a nonjudicial foreclosure sale on a super priority lien in the amount of $6,000 that was held by the homeowners association for the community in which […]