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Nationstar Mortg., Llc V. Saticoy Bay Llc Series 2227 Shadow Canyon, 133 Nev. Adv. Op. 409 (Nov. 22, 2017), Connor Saphire

Nevada Supreme Court Summaries

The Court considered an appeal from a district court order granting summary judgment. In its holding, the Court concluded that it would not invalidate a foreclosure sale based on a low sales price alone. The commercial reasonableness standard established by Article 9 of the Uniform Commercial Code (U.C.C.) does not apply to Homeowner’s Association (HOA) foreclosures because they involve real property sales. Rather, there must be a showing of “fraud, unfairness, or oppression” on behalf of the seller.