Current Nevada Law: Subject to Verification
This article discusses Nevada title, deed, foreclosure, property-tax and HOA law under current Nevada law as of the last reviewed date, and it is subject to change. Nevada deed-of-trust foreclosure procedures are governed primarily by NRS Chapter 107; Nevada common-interest-community (HOA) lien and foreclosure law is governed primarily by NRS Chapter 116. Statutes, deadlines, procedures and remedies change. Always verify current Nevada law and the specific facts of your situation with a qualified Nevada attorney and title professional before acting.
Deed vs Bankruptcy Estate
Record ownership and bankruptcy-estate rights are related but distinct legal concepts.
Liens
Bankruptcy treatment of a debt does not automatically mean every recorded lien disappears. Some liens survive unless specifically avoided, released or otherwise addressed.
Selling
Authorization may be required.
Buying Property From a Bankrupt Seller
Make sure the seller has authority to close.
Title Company
The title company may need bankruptcy information, court orders, trustee authorization, or discharge documentation depending on the transaction.
