David v. Goliath: Nevada Assessment Liens May Extinguish Lender Deeds of Trust
by Jared Anderson, Associate, Financial Services Industry Group On November 5, 2020, the U.S. Ninth Circuit Court of Appeals upheld a district court’s decision that a lender did not suffer an uncompensated taking when a homeowners association’s relatively small assessment lien foreclosure extinguished the lender’s first-in-time mortgage deed of trust. Many residential communities …