From our private database of 14,100+ case briefs...
SFR Investments Pool 1, LLC v. U.S. Bank, N.A.
Supreme Court of Nevada
334 P.3d 408 (2014)
U.S. Bank, N.A. (defendant) held a deed of trust to a property in Southern Highlands, a common-interest community. The owners of the property became delinquent in their dues payments to the Southern Highlands Community Association (SHHOA). The owners also defaulted on their payments to the bank. SHHOA held a trustee’s sale at which SFR Investments Pool 1, LLC (SFR) (plaintiff) purchased the property. The bank planned a separate trustee’s sale for the property, but SFR brought suit to stop the sale. SFR asserted that its trustee’s deed from SHHOA extinguished the bank’s deed of trust. SFR based its claim on a Nevada law under the Uniform Common Interest Ownership Act (UCIOA). The law stated the HOA had superpriority on the homeowner’s property over all other liens, including a first deed of trust, for up to nine months of an owner’s delinquent homeowners’ association (HOA) dues. The trial court denied SFR’s motion for a preliminary injunction and granted the bank’s motion to dismiss, finding the UCIOA required SHHOA to foreclose judicially. SFR appealed.
Rule of Law
Holding and Reasoning (Pickering, J.)
What to do next…
Unlock this case brief with a free (no-commitment) trial membership of Quimbee.
You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 97,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.
Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.
Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.
Here's why 221,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 14,100 briefs, keyed to 189 casebooks. Top-notch customer support.
- The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
- Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
- Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.