Nevada HOA Law Update: Understanding the Super-Priority Lien

For more than three years Nevada's residential real estate market and court systems have been entangled in high-profile litigation regarding a provision of Nevada law giving homeowners' associations a "super-priority lien." Factors contributing to this conflict include expansive growth in Nevada's residential real estate market, the subsequent economic recession, and ambiguous governing laws. This issue continues to significantly impact lenders, mortgage servicers, real estate investors, homeowners' associations, homeowners, and Nevada residents, among others. Currently, there are estimated to be 1,500 active cases in all levels of the state and federal court systems. Receive an overview of this complex and hotly contested litigation, its impact upon the numerous stakeholders, the ultimate legal issues involved, and what a final resolution might look like.

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