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Supreme Court rules on HOA superior lien
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Court Report
Monday, February 6, 2017
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The Nevada Supreme Court recently was tasked with determining whether state statutes granting homeowner’s associations with superpriority liens for unpaid assessments violate a first security interest holder’s due process rights, as well as whether the extinguishment of a subordinate deed of trust through the HOA’s nonjudicial foreclosure violates the Takings Clauses of the United States and Nevada constitutions. Read on for more details.
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