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…