Legal Opinion
Freedom Mortgage Corp. v. Las Vegas Development Group, LLC
District Court, D. Nevada
Decided May 19, 2015No. Case No. 2:14-cv-01928-JAD-NJKPublishedCited by 11 opinions
1Opinion of the Court
Order Granting Motion to Dismiss
JENNIFER A. DORSEY, District Judge.
In the years following Las Vegas’s real estate crash, lenders and investors were at loggerheads over the legal effect of a homeowners association’s (HOA’s) nonjudicial foreclosure of a superpriority lien on a lender’s first trust deed. The Nevada Supreme Court settled the debate last September in SFR Investments Pool 1, LLC v. U.S. Bank, holding that “NRS 116.3116(2) gives an HOA a true superpriority lien, proper foreclosure of which will extinguish a first deed of trust.” 1 The SFR decision made winners out of the investors…
2Cases cited25 opinions
- Warth v. SeldinSupreme Court of the United States · 1975
- Allen v. WrightSupreme Court of the United States · 1984
- Singleton v. WulffSupreme Court of the United States · 1976
- Lexmark Int'l, Inc. v. Static Control Components, Inc.Supreme Court of the United States · 2014
- Hines v. DavidowitzSupreme Court of the United States · 1941
20 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Weeping Hollow Avenue Trust v. Ashley SpencerCourt of Appeals for the Ninth Circuit · 2016
- JPMorgan Chase Bank, N.A. v. SFR Investments Pool 1, LLCDistrict Court, D. Nevada · 2016
- Carrington Mortg. Servs., LLC v. Tapestry At Town Ctr. Homeowners Ass'nDistrict Court, D. Nevada · 2019
- Las Vegas Development Group, LLC v. YfantisDistrict Court, D. Nevada · 2016
- U.S. Bank Nat'l Ass'n v. SFR Invs. Pool 1, LLCDistrict Court, D. Nevada · 2019
6 more not listed; retrieve them via the Exa API.