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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link="#0563C1" vlink="#954F72"><div class=WordSection1><p class=MsoNormal><span style='font-size:14.0pt;font-family:"Times New Roman","serif"'>Mark, thanks. The issue to me is whether Washington's deed of trust act is sufficiently different from Nevada's to lead to a different conclusion. The precise point is not where the Agency, FHFA, as agent for FNMA and FHLMC, is prior when there is record notice; the issue I have is, when there is no record notice, how is anyone supposed to know that there is a prior interest (prior although later-filed or not filed at all by virtue of federal preemption)? Or whom to name and serve? This decision leaves a very large mess. No foreclosure lawsuit is safe. Is there a clearing house for finding out whether a note and/or deed of trust are in the hands of one of these?<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:14.0pt;font-family:"Times New Roman","serif"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:14.0pt;font-family:"Times New Roman","serif"'>Rob<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:14.0pt;font-family:"Times New Roman","serif"'><o:p> </o:p></span></p><div><p class=MsoNormal style='text-autospace:none'><span style='font-size:14.0pt;font-family:"Times New Roman","serif"'>Robert D. Wilson-Hoss <br>Hoss & Wilson-Hoss, LLP <br>236 West Birch Street <br>Shelton, WA 98584 <br>360 426-2999<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:14.0pt;font-family:"Times New Roman","serif"'><a href="www.hossandwilsonhoss.com"><span style='color:blue'>www.hossandwilson-hoss.com</span></a><br><a href="mailto:rob@hctc.com"><span style='color:blue'>rob@hctc.com</span></a></span><o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal style='text-autospace:none'><i><span style='font-family:"Times New Roman","serif"'>This message is intended solely for the use of the addressee and may contain information that is privileged, confidential, and exempt from disclosure under applicable law. If you are not the addressee, you are hereby notified that any use, distribution, or copying of this message is strictly prohibited. If you received this message in error, please notify us by reply e-mail or by telephone (call us collect at the number listed above) and immediately delete this message and any and all of its attachments. Thank you.<o:p></o:p></span></i></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Times New Roman","serif";text-transform:uppercase'>This office does debt collection and this e-mail may be an attempt to collect a debt, Any information obtained will be used for that purpose. </span></b><span style='font-size:10.0pt;font-family:"Times New Roman","serif"'>To the extent the Federal Fair Debt Collection Practices Act (15 U.S.C. § 1692) applies this firm is acting as a debt collector for the condominium/homeowners' association named above to collect a debt owed to it. Any information obtained will be used for collection purposes. You have the right to seek advice of legal counsel.</span><o:p></o:p></p></div><p class=MsoNormal><span style='font-size:14.0pt;font-family:"Times New Roman","serif"'><o:p> </o:p></span></p><div><div style='border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>From:</span></b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'> wsbarp-bounces@lists.wsbarppt.com [mailto:wsbarp-bounces@lists.wsbarppt.com] <b>On Behalf Of </b>Mark Phelps<br><b>Sent:</b> Monday, August 28, 2017 11:04 AM<br><b>To:</b> WSBA Real Property Listserv<br><b>Subject:</b> [WSBARP] Condo Association Superpriority Liens vs. FHFA: Ninth Circuit Speaks<o:p></o:p></span></p></div></div><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Listmembers:<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>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></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>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></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><span style='color:#002060'>Mark J. Phelps<o:p></o:p></span></p><p class=MsoNormal><span style='color:#002060'>Attorney, Litigation Practice Group Leader<o:p></o:p></span></p><p class=MsoNormal><span style='color:#002060'>Desh International & Business Law · <a href="http://www.deshlaw.com/"><span style='color:#002060'>www.deshlaw.com</span></a><o:p></o:p></span></p><p class=MsoNormal><span style='color:#002060'>11400 SE 8<sup>th</sup> Street, Suite 260, Bellevue, WA 98004<o:p></o:p></span></p><p class=MsoNormal><span style='color:#002060'>Direct: (425) 242-3398 <b>·</b> Fax: (425) 968-7571<o:p></o:p></span></p><p class=MsoNormal><span style='color:#002060'>Email: <a href="mailto:mphelps@deshlaw.com">mphelps@deshlaw.com</a><o:p></o:p></span></p><p class=MsoNormal><a href="http://www.deshlaw.com/"><span style='color:windowtext;text-decoration:none'><img border=0 width=392 height=167 id="Picture_x0020_1" src="cid:image001.png@01D32176.E1064B60" alt="Email Signature Image"></span></a><o:p></o:p></p><p class=MsoNormal><span style='font-size:9.0pt;color:black;background:#F9F9F9'>This message may contain information which is confidential and/or protected by attorney-client privilege. If you are not the intended recipient, disclosure, copying, distribution, or use of the contents of this message is prohibited.</span><span style='font-size:9.0pt'> Any advice in this communication, including attachments, must not be used for the purpose of avoiding penalties under the Internal Revenue Code or for promoting, marketing or recommending to another party any tax-related matter(s) addressed. This message does not create an attorney-client relationship.</span><o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p></div></body></html>