High Court Will Not Review Interpretation Of HERA Foreclosure Bar

Mealey's (April 29, 2019, 11:44 AM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on April 29 denied a petition for writ of certiorari in which an investment pool sought 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 homeowners 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. 18-670, U.S. Sup.)....