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Nevada Foreclosure Laws

Judicial	Yes
Non-Judicial	Yes
Process Period	116 Days
Sale Publication	80 Days
Redemption Period	None
Sale / NTS	Trustee

Judicial Foreclosure: in the state of Nevada the in-court proceeding is only used if the power-of-sales clause is not present in the mortgage documents.

Non-Judicial Foreclosure: This is the more common foreclosure process as many mortgages allow lenders to sell a property once an owner defaults without having to file a lawsuit. The lender must record the notice of default with the county recorders office, and they must also mail the notice to the borrower. The borrower has 35 days to pay off the amount due and stop the foreclosure. At least three months after recording the notice of default the lender can schedule a foreclosure sale.

Sale: A notice of sale is posted in three public places at least 20 days before the trustee sale, it should also be published in the local newspaper once a week for three weeks. The notice of sale is also mailed to the borrowers and other affected parties. The sale is to be held at the trustee's office, the winning bidder must pay in full unless the lender was the winning bidder. Following the sale the trustee turns over ownership to the winning bidder.

Additional Information on Nevada Foreclosure

The information and notices contained on this website are intended as general research and information and are expressly not intended, and should not be regarded, as financial or legal advice. We attempt to ensure that the material contained on the web-site is accurate and complete at the date first published, however you should recognize that information contained on this web-site may become out of date over time. Readers who have particular questions real estate financing or foreclosure, or who believe they require legal counsel, should seek the advice of an attorney. By submitting this contact request, you are consenting to be contacted by foreclosure consultants by telephone or email, even if you have previously listed yourself on any state or federal Do-Not-Call List. Please note that Wisdom may receive compensation from the foreclosure consultants for that introduction.