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<p class="MsoNormal"><font size="2" face="Calibri"><span style="font-size:11.0pt">If I am reading it correctly, this case,
<i><span style="font-style:italic">Berezovsy v. Moniz</span></i>, would apply to super-priority condo lien foreclosures in Washington. Which leaves me with two questions:<o:p></o:p></span></font></p>
<p class="MsoListParagraph" style="text-indent:-.25in;mso-list:l0 level1 lfo1"><![if !supportLists]><font size="2" face="Calibri"><span style="font-size:11.0pt"><span style="mso-list:Ignore">1.<font size="1" face="Times New Roman"><span style="font:7.0pt "Times New Roman"">
</span></font></span></span></font><![endif]> How could a bidder at a condo lien foreclosure sale determine whether the Federal Housing Finance Agency is the conservator or receiver of the loan secured by a deed of trust on the property? Record title did not
disclose it in <i><span style="font-style:italic">Berezovsy</span></i>.<o:p></o:p></p>
<p class="MsoListParagraph" style="text-indent:-.25in;mso-list:l0 level1 lfo1"><![if !supportLists]><font size="2" face="Calibri"><span style="font-size:11.0pt"><span style="mso-list:Ignore">2.<font size="1" face="Times New Roman"><span style="font:7.0pt "Times New Roman"">
</span></font></span></span></font><![endif]>How many loans in Washington that everyone thought were eliminated by a super-priority condo lien foreclosure sale are still secured by the foreclosed properties?<o:p></o:p></p>
<p class="MsoNormal"><font size="2" face="Calibri"><span style="font-size:11.0pt"><o:p> </o:p></span></font></p>
<p class="MsoNormal"><font size="4" color="#1f497d" face="Arial"><span style="font-size:13.0pt;font-family:"Arial",sans-serif;color:#1F497D">Rod Harmon</span></font><o:p></o:p></p>
<p class="MsoNormal"><b><font size="4" color="#1f497d" face="Arial"><span style="font-size:13.0pt;font-family:"Arial",sans-serif;color:#1F497D;font-weight:bold"> </span></font></b><o:p></o:p></p>
<p class="MsoNormal"><b><font size="4" color="#1f497d" face="Arial"><span style="font-size:13.0pt;font-family:"Arial",sans-serif;color:#1F497D;font-weight:bold">RODNEY T. HARMON</span></font></b><o:p></o:p></p>
<p class="MsoNormal"><b><font size="2" color="#1f497d" face="Arial"><span style="font-size:11.0pt;font-family:"Arial",sans-serif;color:#1F497D;font-weight:bold"> Attorney at Law</span></font></b><o:p></o:p></p>
<p class="MsoNormal"><font size="2" color="#1f497d" face="Arial"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#1F497D"> P.O. Box 1066</span></font><o:p></o:p></p>
<p class="MsoNormal"><font size="2" color="#1f497d" face="Arial"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#1F497D"> Bothell, WA 98041</span></font><o:p></o:p></p>
<p class="MsoNormal"><font size="2" color="#1f497d" face="Arial"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#1F497D"> Tel: (425) 402-7800</span></font><o:p></o:p></p>
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<p class="MsoNormal" style="margin-top:6.0pt"><font size="2" face="Calibri"><span style="font-size:11.0pt"><o:p> </o:p></span></font></p>
<p class="MsoNormal"><font size="2" face="Calibri"><span style="font-size:11.0pt"><o:p> </o:p></span></font></p>
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</span></font></span></span></font><![endif]><font color="#1f497d"><span style="color:#1F497D"><o:p> </o:p></span></font></p>
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<p class="MsoNormal"><b><font size="2" face="Calibri"><span style="font-size:11.0pt;font-weight:bold">From:</span></font></b> wsbarp-bounces@lists.wsbarppt.com [mailto:wsbarp-bounces@lists.wsbarppt.com]
<b><span style="font-weight:bold">On Behalf Of </span></b>Mark Phelps<br>
<b><span style="font-weight:bold">Sent:</span></b> Monday, August 28, 2017 11:04 AM<br>
<b><span style="font-weight:bold">To:</span></b> WSBA Real Property Listserv <wsbarp@lists.wsbarppt.com><br>
<b><span style="font-weight:bold">Subject:</span></b> [WSBARP] Condo Association Superpriority Liens vs. FHFA: Ninth Circuit Speaks<o:p></o:p></p>
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<p class="MsoNormal"><font size="2" face="Calibri"><span style="font-size:11.0pt"><o:p> </o:p></span></font></p>
<p class="MsoNormal"><font size="2" face="Calibri"><span style="font-size:11.0pt">Listmembers:<o:p></o:p></span></font></p>
<p class="MsoNormal"><font size="2" face="Calibri"><span style="font-size:11.0pt"><o:p> </o:p></span></font></p>
<p class="MsoNormal"><font size="2" face="Calibri"><span style="font-size:11.0pt">An FYI that on Friday, per the attached, the Ninth Circuit decided against condo associations having superpriority liens and in favor of the FHFA as holder of FNMA and FHLMC loans.
It basically held that as the Nevada superpriority law conflicted with the FHFA statute, the statute preempted it.
<o:p></o:p></span></font></p>
<p class="MsoNormal"><font size="2" face="Calibri"><span style="font-size:11.0pt"><o:p> </o:p></span></font></p>
<p class="MsoNormal"><font size="2" face="Calibri"><span style="font-size:11.0pt">This decision, while, as it was in line with earlier Nevada DC decisions, was not unexpected, will impact association disputes on FNMA and FHLMC loans.<o:p></o:p></span></font></p>
<p class="MsoNormal"><font size="2" face="Calibri"><span style="font-size:11.0pt"><o:p> </o:p></span></font></p>
<p class="MsoNormal"><font size="2" color="#002060" face="Calibri"><span style="font-size:11.0pt;color:#002060">Mark J. Phelps<o:p></o:p></span></font></p>
<p class="MsoNormal"><font size="2" color="#002060" face="Calibri"><span style="font-size:11.0pt;color:#002060">Attorney, Litigation Practice Group Leader<o:p></o:p></span></font></p>
<p class="MsoNormal"><font size="2" color="#002060" face="Calibri"><span style="font-size:11.0pt;color:#002060">Desh International & Business Law ·
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