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.
If You Have Equity
This may be one of the most important situations in which selling early matters.
Example
Home value: $500,000.
Mortgage payoff: $350,000.
There may be substantial equity before transaction costs and other obligations.
Allowing the foreclosure process to continue without understanding that equity could be financially devastating.
If You Don't Have Equity
A short sale or another solution might need to be explored.
Time Is Critical
Selling a normal home can involve preparation, marketing, offer, inspection, appraisal, financing, and closing. Starting two weeks before a scheduled sale is very different from starting much earlier.
Price for Reality
This is not the time for pricing based on what a neighbor listed at. If a deadline exists, market exposure and pricing need to match the actual objective.
Lisa's Role
Lisa can provide rapid market analysis, estimated seller net, listing strategy, a realistic timeline, and buyer negotiation.
