Legal Question in Real Estate Law in Nevada
In Nevada, can a lender legally make HOA dues mandatory for escrow
Asked on 9/26/14, 10:32 am
1 Answer from Attorneys
Paul Malikowski
Malikowski Law Offices, Ltd.
Not only can a lender do so, it should, in order to protect its interests (and yours) in the property. See the recent Nevada Supreme Court Opinion, SFR Invs. Pool 1, LLC v. U.S. Bank, N.A., 130 Nev. Adv. Op. 75 (September 18, 2014), for an example of what can happen when the HOAs are not paid. http://law.justia.com/cases/nevada/supreme-court/2014/63078.html
Your attorney can explain further.
Answered on 9/26/14, 3:15 pm