Nevada Supreme Court, 2014

3182 Tarpon 103 Trust v. Wells Fargo Bank

3182 Tarpon 103 Trust v. Wells Fargo Bank
Nevada Supreme Court · Decided November 14, 2014

3182 Tarpon 103 Trust v. Wells Fargo Bank

Opinion

IN THE SUPREME COURT OF THE STATE OF NEVADA

3182 TARPON 103 TRUST, No. 63409 Appellant, vs. WELLS FARGO BANK NATIONAL ASSOCIATION; AND ANY AND ALL OTHER PERSONS UNKNOWN FILE CLAIMING ANY RIGHT, TITLE, NOV 1 4 2014 ESTATE, LIEN OR INTEREST IN THE TRACIE K. LINDEMAN PROPERTY ADVERSE TO THE DLERfg. F SUPREME COURT PLAINTIFFS OWNERSHIP, OR ANY BY DEPUTY CLERK CLOUD UPON PLAINTIFF'S TITLE THERETO, Respondents.

VACATING AND REMANDING This is an appeal from an order denying a preliminary injunction in a quiet title action. Eighth Judicial District Court, Clark County; Kerry Louise Earley, Judge. 1 The district court denied appellant's preliminary injunction motion, finding that appellant failed to demonstrate a reasonable likelihood of success on the merits because Canyon Willow Owners Association's "foreclosure of its super-priority lien under N.R.S. 116 did not extinguish Wells Fargo's first security interest on the Subject Property." This court's recent disposition in SFR Investments Pool 1, LLC v. U.S. Bank, N.A., 130 Nev. , 334 P.3d 408 (2014), decides that a common-interest community association's NRS 116.3116(2) superpriority lien has true priority over a first security interest, and the association may

'Although Judge J. Charles Thompson signed the appealed order, we clarify that Judge Earley heard and decided the issues that formed the basis for the order.

SUPREME COURT OF NEVADA (0) 1947A e V-1-31S73 nonjudicially foreclose on that lien. The district court's decision thus was based on an erroneous interpretation of the controlling law and did not reach the other issues colorably asserted. Accordingly, we VACATE the order denying preliminary injunctive relief AND REMAND this matter to the district court for further proceedings consistent with this order.

J.

Hardesty

J.

Douglas

CHERRY, J., concurring: For the reasons stated in the SFR Investments Pool I, LLC v. U.S. Bank, N.A., 130 Nev. , 334 P.3d 408 (2014), dissent, I disagree that respondent Wells Fargo lost its lien priority by virtue of the homeowners association's nonjudicial foreclosure sale. I recognize, however, that SFR Investments is now the controlling law and, thusly, concur in the disposition of this appeal.

C64. Sr J.

Cherry

cc: Chief Judge, The Eighth Judicial District Court Hon. Kerry Louise Earley, District Judge Hon J Charles Thompson, Senior Judge Greene Infuso, LLP Wright, Finlay & Zak, LLP/Las Vegas Eighth District Court Clerk SUPREME COURT OF NEVADA (0) 1947A e

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