Monday, August 15, 2016

Court of Appeals rules that Nevada HOA liens do not supersede first #mortgages

#mortgage #lenders and investors needn’t worry about whether a homeowners’ association super lien will be given priority over a first #mortgage in the state of Nevada, at least for now. According to an alert published Monday by Ballard Spahr, the Ninth Circuit Court Appeals ruled last week that an older version of Nevada’s laws, which previously gave super-priority status to HOA liens, is unconstitutional. Here’s the skinny. http://www.housingwire.com/articles/37791-court-of-appeals-rules-that-nevada-hoa-liens-do-not-supersede-first-mortgages ❤️ #share #mortgage



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