Courtroom sketch artist Art Lien retires after momentous SCOTUS term
ABA Journal Daily News
Inmate sentenced for filing false lien that targeted federal judges and DOJ employees
ABA Journal Daily News
NYC’s next tax lien ABS features lower exposure to vacant lots
New York City's next securitization of property tax liens features less exposure to vacant lots, which is generally considered to be a riskier asset than liens on commercial, residential or industrial property. Just 5.1% of the 3,554 tax liens totaling $ 91 million that back the transaction, NYCTL 2018-A Trust, are vacant lots, according to […]
Nevada Courts Provide Additional Guidance on HOA Super Priority Lien Law for Lenders
As we've discussed on this blog before , Nevada's courts remain a battleground for lenders seeking to establish that their security interests were not eliminated by homeowners' association foreclosure sales under NRS 116. In recent weeks, the Ninth Circuit and Supreme Court of Nevada have issued new opinions providing more guidance to ultimately resolve those […]
Continuing Developments in Nevada HOA Lien Litigation
In this latest decision, the court declines to adopt a portion of the Restatement of Property: Mortgages. Respondent Saticoy Bay LLC Series 2227 Shadow Canyon purchased property at an HOA foreclosure sale for $ 35,000 and subsequently filed an action for quiet title and a declaration from the court that Saticoy Bay acquired the property […]
Persistence Can Lead To Dollars Part II: Foreclosing On A Memorandum Of Lien
In our previous post, we considered one method a Community Association may use to preserve and collect its lien for unpaid assessments: the memorandum of lien. In this post, we will focus on the process of foreclosing on a Community Association's memorandum of lien. Foreclosure News
HOA Super-Priority Lien Law Preempted by Federal Statute
Given the significant role Fannie Mae and Freddie Mac have in the national housing market, it is unsurprising that both have become embroiled in the Nevada HOA super-priority lien litigation. Since July 2008 well before the Nevada Supreme Court held that an HOA's foreclosure on its super-priority lien could extinguish a first deed of trust […]
Mortgage Loan Modifications – What is the Risk of Loss of Lien Priority?
Lenders and borrowers often enter into loan modification agreements to change the terms of a mortgage loan. Perhaps the most common modification arises when the borrower is experiencing difficulty repaying the loan according to its original terms, and the lender, seeking to preserve the loan as a performing loan, agrees to reduce the monthly payments […]
County’s annual tax lien auction Feb. 27
The Yuma County Board of Supervisors will hold its annual tax lien auction Feb. 27, which gives the public a chance to bid on property owners' tax debt for past years and collect interest on the lien in the future. The overall number of property liens up for grabs has gone down by about 125 […]
Don’t Lien on Me: Identification and Mitigation of Maritime Lien…
Due to their increasing size, specialization and technological sophistication, today's vessels present attractive “big-ticket” financing opportunities. However, commercial vessels, regardless of type, will inevitably incur maritime liens, which are priority claims that arise by operation of law, and are enforceable against the vessel in rem . Foreclosure News