Nevada Supreme Court to hear appeal of foreclosure decision
The Nevada Supreme Court will hear the case of Saticoy Bay LLC SER. 9641 Christine View vs. Federal National Mortgage Association at 1:30 p.m. on Nov. 6.
Saticoy Bay LLC appealed the decision of the district court granting the Federal National Mortgage Association's motion. The district court held that the Federal Foreclosure Bar pre-empts the state's super-priority lien statutes and thus Saticoy Bay's property interest is subject to Fannie Mae's deed of trust. Saticoy Bay is challenging the district court's order granting a motion for summary judgment.
The original case revolved around Fannie Mae's possession of a deed of trust on a property that was sold at an homeowner's association foreclosure sale.
Nevada Supreme Court case number 69419