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Does attorney owe duty to note holder in HOA foreclosure?
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Court Report
Wednesday, August 30, 2017
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In a case involving the foreclosure of a townhouse by a homeowners’ association in Nevada, PennyMac sued the association and its law firm for wrongful foreclosure. The law firm filed a motion for dismissal, contending that it was acting solely as the attorney for the association and did not owe a duty to anyone other than its client. Read on toe see how the court ruled in light of state Supreme Court rulings on whether entities overseeing a foreclosure sale are liable if the foreclosure sale terms are found to be unfair.
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