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SFR Invs. Pool 1, LLC v. Green Tree Fin. Servicing Corp.

SUPREME COURT OF THE STATE OF NEVADA
Nov 25, 2014
No. 63915 (Nev. Nov. 25, 2014)

Opinion

No. 63915

11-25-2014

SFR INVESTMENTS POOL 1, LLC, A NEVADA LIMITED LIABILITY COMPANY, Appellant, v. GREEN TREE FINANCIAL SERVICING CORPORATION, A FOREIGN LIMITED LIABILITY COMPANY, Respondent.


An unpublished order shall not be regarded as precedent and shall not be cited as legal authority. SCR 123.

ORDER VACATING, REVERSING, AND REMANDING

This is an appeal from a district court order denying a preliminary injunction and an order, certified as final under NRGP 54(b), granting a motion to dismiss in a quiet title action. Eighth Judicial District Court, Clark County; Susan Johnson, Judge.

The district court denied SFR Investments' motion for a preliminary injunction, finding that SFR Investments was not likely to succeed on the merits because NRS 116.3116(2)'s superpriority provision does not extinguish a first security interest. The district court granted Green Tree's motion to dismiss for the same reason. 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 nonjudicially foreclose on that lien. The district court's decisions thus were 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, REVERSE the order granting the motion to dismiss, AND REMAND this matter to the district court for further proceedings consistent with this order.

/s/_________, J.

Hardesty

/s/_________, J.

Douglas
CHERRY, J., concurring:

For the reasons stated in the SFR Investments Pool 1, LLC v. U.S. Bank, N.A., 130 Nev. ___, 334 P.3d 408 (2014), dissent, I disagree that respondent 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.

/s/_________, J.

Cherry
cc: Hon, Susan Johnson, District Judge

Howard Kim & Associates

Brooks Hubley LLP

Eighth District Court Clerk


Summaries of

SFR Invs. Pool 1, LLC v. Green Tree Fin. Servicing Corp.

SUPREME COURT OF THE STATE OF NEVADA
Nov 25, 2014
No. 63915 (Nev. Nov. 25, 2014)
Case details for

SFR Invs. Pool 1, LLC v. Green Tree Fin. Servicing Corp.

Case Details

Full title:SFR INVESTMENTS POOL 1, LLC, A NEVADA LIMITED LIABILITY COMPANY…

Court:SUPREME COURT OF THE STATE OF NEVADA

Date published: Nov 25, 2014

Citations

No. 63915 (Nev. Nov. 25, 2014)