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 if the homeowner has $550,000 or less of equity in his or her home and continues to make regular mortgage payments that the homeowner is likely to keep the home even if he or she files for bankruptcy protection.
Speak to an Experienced Foreclosure and Alternatives Attorney Today
This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified foreclosure and alternatives lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local foreclosure and alternatives attorney to discuss your specific legal situation.