Lakes v. U.S. Bank Trust

The Supreme Court affirmed the judgment of the district court quieting title in favor of Respondent, the first deed-of-trust beneficiary in this case, holding that the district court properly quieted title in Respondent's favor.

A homeowners' association foreclosed its lien on the subject property. The property was eventually transferred to Appellant by deed expressly providing that Appellant's interest was subject to any claims, encumbrances, or liens. U.S. Bank Trust, the assignee of the first deed of trust, sought to quiet title. The district court concluded that Appellant took title to the property subject to U.S. Bank Trust's first deed of trust and that the foreclosure sale did not extinguish the first deed of trust under the circumstances. The Supreme Court affirmed, holding that the district court properly concluded that U.S. Bank Trust may enforce its deed-of-trust lien in accordance with Nev. Rev. Stat. 106.210.