90°F
weather icon Clear

Local Nevada

Your trusted Nevada news source. Discover local updates, breaking news and headlines for Nevada here.

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.