Nevada Supreme Court

Nevada Supreme Court Decision Puts HOA Liens in Danger

The Nevada Supreme Court (4-3 vote, SFR Investments Pool 1 LLC v. U.S. Bank, N.A.) has ruled that a nonjudicial foreclosure sale of an HOA lien extinguishes a first deed of trust. HOAs can foreclose on homes ahead of first-mortgage providers. This puts thousands of first liens at risk.

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UTA Contacts Contra Costa County

UTA has contacted Presiding Judge Barry Goode of the Contra Costa County California Superior Court to address the court’s prohibition of nonjudicial sales at the courthouse.

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Bid riggers targets of FBI investigation

An article in The San Francisco Chronicle headlined ‘How Deft Bid-Riggers Harmed Ex-Owners of Foreclosed Homes’, noted that the FBI has investigated bid-rigging at foreclosure auctions – whereby bidders collude with other bidders to suppress the sale prices of foreclosed properties and then hold private illegal secondary auctions where they...

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