Nevada Foreclosure LawFacts: Judicial Foreclosure Available: Yes Non-Judicial Foreclosure Available: Yes, most common Primary Security Instruments: Deed of Trust or Mortgage Timeline: Approximately 120 Days Right of Redemption: Yes, Judicial Foreclosures ONLY Deficiency Judgments Allowed: Yes Quick Summary: In Nevada, lenders may foreclose on deeds of trusts or mortgages in default using either a judicial or non-judicial foreclosure process. However, non-judicial foreclosures are most common.
The foreclosure timeline in Nevada is approximately 120 days from the time you miss your first payment until a Notice of Default or Notice of Sale is issued to your actual foreclosure date and sale.
Nevada borrowers have the right of redemption in judicial foreclosures only and are allowed deficiency judgments in either judicial or non-judicial foreclosure processes.
For more information on Nevada Foreclsoure laws and regulations visit http://www.ncsl.org/public/leglinks.cfm and click on your state. Or Contact: Nevada's Attorney General's Office How Can SaveMeFromForeclosure.com Help Stop Foreclosure on My Home? We can help you either Keep or Sell Your Home to Avoid Foreclosure. Fill out our quick questionnaire and your local SaveMeFromForeclosure.com representative will contact you about how we can help you stop foreclosure today. Want to talk to someone now? Contact us at 1-888-I-Save-80 (1-888-472-8380). |