Ln Mgmt LLC v. Wells Fargo Bank, N.A.

IN THE SUPREME COURT OF THE STATE OF NEVADA

LN MANAGEMENT LLC SERIES 8301 No. 64495 BOSECK 228,

Appellant, vs.

WELLS FARGO BANK, N.A.,

Respondent.

FILED MAR 18 2016 TRACE K. LNDEMAN CLERK CF SUPREME COURT By • Yori-A--r-efr DEPUTY CLERK

ORDER OF REVERSAL AND REMAND This is an appeal from a district court order, certified as final under NRCP 54(b), granting a motion to dismiss in a quiet title action. Eighth Judicial District Court, Clark County; Michelle Leavitt, Judge. The district court granted respondent's motion to dismiss, concluding that appellant had failed to state a viable claim for relief because La Quinta Condominiums' nonjudicial foreclosure sale could not, as a matter of law, extinguish respondent's deed of trust. In SFR Investments Pool 1, LLC v. U.S. Bank, N.A., 130 Nev., Adv. Op. 75, 334 P.3d 408 (2014), this court decided 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 nonjudicially foreclose on that lien. Thus, the district court's decision was based on an erroneous

SUPREME COURT

OF

NEVADA

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I (9 -0 Ste.59 interpretation of the controlling law and did not reach the other issues colorably asserted. Accordingly, we

ORDER the judgment of the district court REVERSED AND REMAND this matter to the district court for proceedings consistent with this order.

, J. Hardesty

, J. Saitta

J.

cc: Hon. Michelle Leavitt, District Judge Kerry P. Faughnan

Snell & Wilmer, LLP/Tucson

Wright, Finlay & Zak, LLP/Las Vegas

Snell & Wilmer, LLP/Las Vegas

Eighth District Court Clerk

SUPREME COURT

OF

NEVADA (0) 1947A <Ow