Attorneys

Nevada Foreclosure FAQs

• Q: Does Nevada Law Allow for a Redemption Period After a Foreclosure?
  A: Nevada law allows for both judicial and non judicial foreclosures. If a lender pursues a foreclosure through the judicial system then the owner has a 1 year … More
• Q: Where and When do Foreclosure Sales Take Place in Nevada?
  A: Like many states, Nevada requires that the public be informed of the date, time and location of intended property foreclosure sales via a published Notice of … More
• Q: What Public Notice Requirements are There for a Real Estate Foreclosure in Nevada?
  A: Most foreclosures of Nevada property occur according to the power of sale terms set forth in the loan documents for that property. If the power of sale terms are … More
• Q: Can a Lender Sue a Borrower for a Deficiency Judgment if the Lender is Still Owed Money After a Foreclosure Sale in Nevada?
  A: Yes, if the foreclosure or trustee sale doesn’t produce enough proceeds to cover the money owed to the lender on the home, then the lender can sue to … More
• Q: How Can a Lender Foreclose on a Property in Nevada?
  A: Most mortgages in Nevada contain a power of sale clause that allows the lender to foreclose on a property without suing the buyer in court. The lender must … More
• Q: How Long Does the Typical Foreclosure Process Take in Nevada?
  A: Typically, it takes about 6 months to foreclose on a Nevada property. There are cases where everything goes smoothly and that time frame may be shortened and … More
• Q: Can I Keep My Home If I File Bankruptcy in Nevada?
  A: Nevada allows homeowners to keep $550,000 of the equity in their home from creditors that do not have a direct security interest in the property. That means that … More

Click here to view general Foreclosure FAQs