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.
DO NOT SELL OR TRANSFER PROPERTY DURING BANKRUPTCY WITHOUT TALKING TO YOUR BANKRUPTCY ATTORNEY.
Why?
The property or its equity may be part of the bankruptcy estate.
Chapter Matters
Chapter 7 and Chapter 13 can involve very different considerations.
What Lisa Needs to Know
Lisa does not need your entire personal financial history. She does need to know that bankruptcy exists, your attorney contact where authorized, whether the property can be marketed, what approvals are required, and the timing.
Don't Hide the Sale
An unauthorized property transfer can create serious problems.
Can We Still Prepare?
Potentially, Lisa may help with value, a comparative market analysis, condition, and selling strategy while legal authority is established.
