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Local Las Vegas Valley breaking news from Nevada's most reliable source. Read about the latest updates happening in your region at Las Vegas Review-Journal.

Nevada high court: Super priority lien extinguishes first deed of trust

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.