Why did a district judge in Nevada void an HOA's foreclosure sale when the HOA held a super-priority lien on the property?
Read More »FHFA Vows to Keep Fighting HOA Super-Priority Liens
The FHFA repeated its message to HOAs that try to extinguish mortgages backed by the GSEs.
Read More »Counsel’s Corner: HOA Super-Priority Lien Issue Not as Clear After Court Opinion
The latest opinion by the Nevada Supreme Court on HOA foreclosures and super-priority liens was supposed to provide more clarity for the industry, but did it? Jon Patterson and Aaron Chastain of Bradley Arant Boult Cummings discuss.
Read More »Nevada Senate Passes Bill to Amend ‘Super-Priority Lien’ Law
Banks and lenders that have suffered huge losses in some cases when HOAs have extinguished mortgages where the delinquent HOA dues amounted to a fraction of the balance on the mortgage claim that the super-priority lien law gives the HOAs too much power.
Read More »Counsel’s Corner: The Fight Over Legality of Super-Priority Liens Is Far From Over
Counsel's Corner is an ongoing series in which DS News talks with default servicing attorneys around the country about the most pressing issues facing the default servicing industry. This installment features Kristin Schuler-Hintz from the Nevada office of McCarthy Holthus.
Read More »FHFA Reiterates Vow to Protect GSE-Backed Loans From ‘Super-Priority’ Liens
Several states currently allow HOAs to enforce the super-priority lien status and foreclose on a home non-judicially when the owner falls behind on his or her HOA dues—thus extinguishing the note held by the mortgagee, which in many cases suffers losses totaling hundreds of thousands of dollars as a result.
Read More »FHFA Counsel Testifies on Super-Priority Liens in Nevada State Legislature
Alfred M. Pollard, general counsel for the Federal Housing Finance Agency (FHFA), testified on Tuesday before the Nevada State Legislature Judiciary Committee on so-called "super-priority liens" and on recently introduced legislation to amend the way the foreclosure process is handled with regards to a homeowner association (HOA)'s lien.
Read More »Black Knight Launches Tool to Protect Mortgagees from ‘Super-Priority Lien’ Losses
Florida-based data and analytics firm Black Knight Financial Services has come up with a solution to identify the risk associated with mortgages that have been given "super-lien priority" status, according to an announcement from Black Knight.
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