Tag Archives: HUD Homestore

IN NEVADA, TIMING IS EVERYTHING … ESPECIALLY IN QUIET TITLE ACTIONS!

(BREAKING NEWS – OP-ED) — The author of this post offers this information for your educational value and not as legal advice; however, the court in this instance, the Supreme Court of Nevada, clearly screwed U.S. Bank, N.A. in favor of SFR Investments Pool 1 … reversing the summary judgment against SFR and ruling in SFR’s favor as to quiet title!   See the case below:

SFR Investments Pool 1 LLC v US Bank NA, 135 Nev 45 (Sep 26, 2019)

Key Takeaways:

  1. The early bird gets the worm … yet sometimes gets to fight over who gets to eat it.
  2. The appellate process worked all the way to the Supreme Court of Nevada, who saw reason to reverse it.
  3. The decision was per curiam.
  4. Retroactive annulments of bankruptcy stays are key to jumping in with both feet; hence, timing is everything.
  5. SFR used Nevada statutes to prove its case (and its right to sell the property at an HOA sale) was compliant with the statute.

Speaking of timing … 

November 2nd and 3rd is fast approaching!

In this upcoming workshop, called Beyond Foreclosure, we’re going to show you how to capitalize on property BEFORE it ends up in the HUD Homestore!

Timing IS everything … and we’ll show you not only the WHY … but the HOW TO acquire such property as well, many times at a deep discount!

We’ll show you legal strategies, that, when properly implemented, could save you tens of thousands of dollars in legal fees!  Wouldn’t that be a good thing?

Click on this link for more information: BEYOND FORECLOSURE PR KIT

EXAMPLE:  Last week, the team involved in the teaching in this class picked up 3 properties with a net equity of $280,000!

EXAMPLE:  We just rented a property in Orlando for $1400 a month on a temporary basis, knowing that we’re going to use the proceeds to fix up the property!

EXAMPLE:  We discovered over 1,000 leads in Miami-Dade County alone for the types of properties we’re going to show you how to find in this workshop!

For more examples, register to attend and see how we create short term and long term cash flow and equity assets we can monetize at any time!

UPDATE ON THE FOREGOING CASE:  One of our investors has kindly reminded me that since Wells Fargo and U.S. Bank were both “late” in keeping track of this HOA foreclosure, it is highly likely that there are other properties out there worth searching for that would fall under the same outcome!

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