Can a Lender Sue a Borrower for a Deficiency Judgment if the Lender is Still Owed Money After a Foreclosure Sale in Nevada?
1. The amount by which the amount of the indebtedness which was secured exceeds the fair market value of the property sold at the time of the sale, with interest from the date of the sale; or
2. The amount which is the difference between the amount for which the property was actually sold and the amount of the indebtedness which was secured, with interest from the date of sale,
whichever is the lesser amount.
The information on this page is meant to provide a general overview of the law. The laws in your state and/or city may deviate significantly from those described here. If you have specific questions related to your situation you should speak with a local attorney.
Additional Foreclosure and Alternatives Articles
- Foreclosure Laws in Nevada
- Does Nevada Law Allow for a Redemption Period After a Foreclosure?
- Where and When do Foreclosure Sales Take Place in Nevada?
- What Public Notice Requirements are There for a Real Estate Foreclosure in Nevada?
- How Can a Lender Foreclose on a Property in Nevada?
- How Long Does the Typical Foreclosure Process Take in Nevada?
- Can I Keep My Home If I File Bankruptcy in Nevada?