Current Nevada Law: Subject to Verification
This article discusses Nevada title, deed, foreclosure, property-tax and HOA law under current Nevada law as of the last reviewed date, and it is subject to change. Nevada deed-of-trust foreclosure procedures are governed primarily by NRS Chapter 107; Nevada common-interest-community (HOA) lien and foreclosure law is governed primarily by NRS Chapter 116. Statutes, deadlines, procedures and remedies change. Always verify current Nevada law and the specific facts of your situation with a qualified Nevada attorney and title professional before acting.
DO NOT ASSUME: HOA FORECLOSURE AUTOMATICALLY WIPES OUT THE MORTGAGE. AND DO NOT ASSUME: THE MORTGAGE ALWAYS SURVIVES EXACTLY UNCHANGED.
Why Nevada Has So Much Litigation Around This
Nevada HOA lien priority has been the subject of significant statutory development and litigation. That history makes old internet articles especially dangerous.
Homeowners
If you are facing HOA foreclosure, do not base major financial decisions on a forum post explaining what happened in an unrelated case ten years ago.
Buyers at HOA Sales
Auction price alone does not tell you what interest you are buying, what liens remain, whether litigation exists, or whether title insurance is available.
Mortgage Borrowers
Even if title changes through some foreclosure process, your personal obligations and lender rights require legal analysis.
Lisa's Role
Lisa is not going to tell someone that a mortgage disappears. That belongs with qualified Nevada real estate counsel and title professionals.
Property DNA
Property DNA can help identify recorded/property information for research. It does not determine lien priority.
