NV court rules on HOA foreclosures

The last thing any homeowner wishes to happen is foreclosure on his home.  For sure, that problem is one of the worst financial disasters for any homeowner, but it is also a disaster for lenders, notably so if the dwelling is located within an HOA.  Typically, HOAs have been in a privileged position on foreclosures, that is, they stand at the front of the line before banks and mortgage lenders due to a lot of reasons.  But the world may be changing when some states (like Nevada) change the game.

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