Hard To Get A Mortgage???

Some folks thought I was crazy when I claimed a Nevada Supreme Court decision could make it impossible for many people to get a mortgage. The court ruled that a 6000 dollar HOA lien could extinguish an 800 thousand dollar mortgage.

How is that possible?

How is that fair?

What mortgage company official in his or her right mind make loans in such an area? Is it any wonder that thousands upon thousands of Nevada homes are for sale and there are no buyers?

(link to industry news column on super-priority liens)


Please follow & like us :)


Ward Lucas is a longtime investigative journalist and television news anchor. He has won more than 70 national and regional awards for Excellence in Journalism, Creative Writing and community involvement. His new book, "Neighbors At War: the Creepy Case Against Your Homeowners Association," is now available for purchase. In it, he discusses the American homeowners association movement, from its racist origins, to its transformation into a lucrative money machine for the nation's legal industry. From scams to outright violence to foreclosures and neighborhood collapses across the country, the reader will find this book enormously compelling and a necessary read for every homeowner. Knowledge is self-defense. No homeowner contemplating life in an HOA should neglect reading this book. No HOA board officer should overlook this examination of the pitfalls in HOA management. And no lawyer representing either side in an HOA dispute should gloss over what homeowners are saying or believing about the lawsuit industry.

2 thoughts on “Hard To Get A Mortgage???

  1. Cynthia

    Funny, they FHFA has an obligation to protect Fannie Mae’s and Freddie Mac’s rights, so what about the innocent HOA,COA, or POA (HOA) homeowners paying their mortgages guaranteed, or held by Fannie Mae, or Freddie Mac and being victimized, or have been victimized over the many years by the abusive and criminal HOA boards and their accomplices for foreclosure? This may include some accomplices with banks, or some attorneys, some judges, or former judges, insurance industry personnel, or others, that are involved in targeting, farming, framing, scamming, slapping, combing, selectively discriminating, or other, against innocent HOA homeowners for financial abuses, legal abuses, property damages, threats to health and well being, emotional and sociological abuses, criminal abuses and fraudulent foreclosures!
    How many have gone to FHFA for help in the past, but were turned away? FHFA did not want to believe this was happening! The lies, the falsehoods, and scams perpetrated against innocent homeowners, when this abuse and criminality creeps into their HOA, or when a home buyer unknowingly buys into one of these abusive and criminal groups is disgrace in America. There is absolutely nothing good, honest, fair “property value preserving,” or other in the privitized housing industry in America anymore. It has turned into a scam of double taxation, HOA homeowner extortion, the most unthinkable range of abuses, selective discrimination, elder and vulnerable population abuses, created conflict legal abuses solely to generate fraudulent legal fees to place as liens against the innocent and unsuspecting HOA homeowners property and equity, and greed driven, or malicious personal motive abuses for money, and/or fraudulent foreclosures.
    The abusive and criminal HOA boards and their accomplices set the innocent HOA homeowner up and tell everyone in the community, or lead the other HOA homeowners to believe, the innocent HOA homeowner who is being targeted, or selectively discriminated against, who is typically a rule following, law abiding, bill paying and honest and decent homeowner is “the trouble maker,” or other, slanderous attribution, but nothing can be further from the truth! These abusive and criminal HOA boards and their accomplices are trying to cover up their lies, criminality, or wrong doing! The attorneys, HOA boards and others involved in these crimes are liars and criminals and in many cases there appears to be no act of criminality they are not capable of!

    I trust you will want to read the entire article linked below.
    Guest column: State lawmakers given stern warning on HOAs

    “Here’s what the FHFA had to say in reminding Nevada lawmakers why they should not pass any laws to allow HOAs in Nevada to extinguish liens government-backed entities place on homes facing foreclosure: “(Federal) law precludes involuntary extinguishment of Fannie Mae or Freddie Mac liens while they are operating in conservatorships and pre-empts any state law that purports to allow holders of homeownership association liens to extinguish a Fannie Mae or Freddie Mac lien, security interest, or other property interest. As noted in our Dec. 22, 2014, statement on certain super priority liens, FHFA has an obligation to protect Fannie Mae’s and Freddie Mac’s rights, and will aggressively do so by bringing or supporting actions to contest HOA foreclosures that purport to extinguish enterprise property interests in a manner that contravenes federal law.””

  2. Cynthia

    From Norm McCullough, Henderson, Nevada:

    “Almost all HOA’s in Nevada DO NOT CARE about the repercussions of their actions because the State of Nevada has protected them from any legal actions taken against them.

    Even if by chance some one (or some entity) is successful in court and fines the association no one on the Board of Directors has any financial liability.

    They (the Board of Directors) will empty the bank account to defend them selves by hiring the best lawyers YOUR money can buy.’
    Norm McCullough


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.