SFR Seeks High Court Review Of Interpretation Of HERA Foreclosure Bar

(December 3, 2018, 11:58 AM EST) -- WASHINGTON, D.C. — An investment pool on Nov. 21 filed a petition for writ of certiorari with the U.S. Supreme Court, seeking review of a Ninth Circuit U.S. Court of Appeals ruling in which the court held that the Housing and Economic Recovery Act of 2008 (HERA) prevents homeowner associations (HOAs) and others from foreclosing on a property that was purchased and securitized by Federal Home Loan Mortgage Corp. (Freddie Mac) or the Federal Housing Finance Agency (Fannie Mae) even where a foreclosing party’s lien was senior to the loan (SFR Investments Pool 1 LLC v. Federal Home Loan Mortgage Corporation, et al., No. No. 18-670, U.S. Sup., 2018 U.S. S. Ct. Briefs LEXIS 4322)....