Month: November 2019
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Virginia Supreme Court Adopts Partial Subordination Rule
The case of Futuri Real Estate, Inc. v. Atlantic Trustee Services, LLC involved a question of first impression in Virginia regarding what should happen when a first-priority position lien subordinates itself to a third-priority position lien. Under the complete subordination rule, the first-priority position lien becomes junior to the other two liens on the property, the second-priority lien moves ... Read More
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SCOTUS Opinion: Court Remands Alaska Political Contribution Limits Case For Closer Review
The first opinion handed down by the Court in its 2019 Term concerned Alaska’s law limiting contributions to candidates or election-oriented groups to $500 per year. The Ninth Circuit upheld the law, but the Court, in a per curiam decision in Thompson v. Hebdon, reversed and remanded. The Court noted that the Ninth Circuit chose not to apply the ... Read More
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Is the Lender’s Title Policy Coverage Triggered in the Underlying Battle Between the Lender and the Homeowners Association in a Super-Priority Lien State?
In Wells Fargo Bank, NA, as Trustee v. Fidelity National Insurance Company, Case No. 3:19-cv-00241-MMD-WGC in the United States District Court for the District of Nevada (decided October 29, 2019), the trial court was recently confronted with an issue which has been brewing over the past several years in those states that provide Homeowners Association (HOA)/condominium liens with a super-priority ... Read More