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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The Nevada Supreme Court has rejected a request for class action status for claims of damaged stucco from faulty construction by Del Webb Communities involving nearly 1,000 Sun City Summerlin residents.