80 Huntfield Drive Trust v. Wells Fargo Bank C/W 64206 ( 2014 )


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  •                 dismiss, certified as final under NRCP 54(b), in a quiet title action.
    Eighth Judicial District Court, Clark County; David B. Barker, Judge.
    The district court denied appellant's motion for a preliminary
    injunction, finding that it was not likely to succeed on the merits. The
    district court then granted Wells Fargo's motion to dismiss, concluding
    that under NRS 116.3116(2), "the HOA may have a priority for payment of
    its lien, but the first security interest Deed was not extinguished by the
    foreclosure sale conducted by the HOA." This court's recent disposition in
    SFR Investments Pool 1, LLC v. U.S. Bank, NA.,        
    130 Nev. 334
     P.3d
    408 (2014), decides that a common-interest community association's NRS
    116.3116(2) superpriority lien has true priority over a first security
    interest, and the association may nonjudicially foreclose on that lien. The
    district court's decisions thus were based on an erroneous interpretation of
    the controlling law and did not reach the other issues colorably asserted.
    Accordingly, we
    VACATE the order denying preliminary injunctive relief,
    REVERSE the order granting the motion to dismiss, AND REMAND this
    matter to the district court for further proceedings consistent with this
    order.
    J.
    Hardesty
    J.
    Douglas
    SUPREME COURF
    OF
    NEVADA
    2
    (0) 1947A
    CHERRY, J., concurring:
    For the reasons stated in the SFR Investments Pool I, LLC v.
    U.S. Bank, NA,     130 Nev. , 
    334 P.3d 408
     (2014), dissent, I disagree
    that respondent lost its lien priority by virtue of the homeowners
    association's nonjudicial foreclosure sale. I recognize, however, that SFR
    Investments is now the controlling law and, thusly, concur in the
    disposition of this appeal.
    cc: Hon. David B. Barker, District Judge
    Greene Infuso, LLP
    Wright, Finlay & Zak, LLP/Las Vegas
    Eighth District Court Clerk
    SUPREME COURT
    OF
    NEVADA
    3
    (0) 1.947A    ea(
    

Document Info

Docket Number: 63965

Filed Date: 11/25/2014

Precedential Status: Non-Precedential

Modified Date: 4/18/2021