A major opinion issued recently by the Nevada Supreme Court regarding super priority liens filed by homeowners associations is a positive development for Nevada because it has clarified many of the legal issues for everyone involved in the foreclosure market, an official with the company that won the ruling said Tuesday.
Courts
By SEAN WHALEY / RJ
The Nevada Supreme Court on Thursday ruled that a super priority lien held by a homeowners association can extinguish a first deed of trust on a property, a decision that will create a windfall for some real estate investors in Las Vegas who picked up properties for pennies on the dollar.
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