VEGAS INC-
Bank of America is suing 28 Nevada homeowner associations and their collection agencies in the continuing dispute over charges that HOAs have been hitting homeowners and buyers of foreclosed homes with inflated bills for past-due assessments and collection costs.
The bank filed suit Tuesday in Clark County District Court charging that state law limits the ”super-priority” first-position liens that HOAs can place against homes to an amount equal to nine months of HOA assessments — but that the HOAs are “improperly” filing liens demanding payment of attorney’s fees and collection costs on top of that.