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.
First Step: Read the Actual Notice
Verify the property, loan, trustee, servicer, claimed default, and contact information through independent trusted sources.
Second Step: Contact Your Servicer
Ask about applicable reinstatement, modification, foreclosure-prevention options, and mediation rights where applicable.
Third Step: Determine Equity
Get a realistic market analysis. You need to know whether selling may pay the loan, pay transaction costs, and preserve equity.
Fourth Step: Get Legal Help if Needed
Particularly if the amount is disputed, the servicer made errors, foreclosure procedures appear wrong, bankruptcy is being considered, or ownership/title is complicated.
Don't Do This
Do not pay an unsolicited company thousands of dollars because it promises it can guarantee stopping the foreclosure. Verify anyone offering foreclosure assistance.
