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?