Judge Finds HOA Foreclosure Was Conducted Under Unconstitutional Housing Statute

Mealey's (March 22, 2018, 1:51 PM EDT) -- LAS VEGAS — A Nevada federal judge on March 20 granted summary judgment in favor of a bank, finding that a homeowners association foreclosed on a property pursuant to a Nevada housing statute that contains a notice scheme that was determined to be unconstitutional by the Ninth Circuit U.S. Court of Appeals, finding that the original sale of the property remained intact and the interest in the property is held by the Federal National Mortgage Association (Fannie Mae) (Bank of America, N.A., et al. v. Terraces At Rose Lake Homeowners Association, et al., No. 2:16-cv-01106, D. Nev., 2018 U.S. Dist. LEXIS 45120)....