Panel Finds Freddie Mac Owns Foreclosed Property Purchased Through HOA

(September 6, 2017, 9:06 AM EDT) -- SAN FRANCISCO — The Ninth Circuit U.S. Court of Appeals on Aug. 31 affirmed a district court’s ruling in favor of a lender, finding that a foreclosure law preempted Nevada law that had previously extinguished the lender’s interest in a foreclosure property that was purchased through a homeowners’ association (Vern Elmer v. JPMorgan Chase & Co., et al., No. 15-17407, 9th Cir., 2017 U.S. App. LEXIS 16789)....

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