Judicial foreclosure in Nevada is rarely used, and only in the absence of a power of sale clause in the loan document or when the lender is seeking a court order for a deficiency judgment. The lender must sue the borrower to obtain a decree of foreclosure and order of sale. The court may also […]
Failing to make your mortgage payments will result in an “NOD”, or notice of default. This is a notice to let you know that the bank is in the process of filing legal action against your property. If you do not resolve the default with the bank, they are going to repossess your home.
This procedure […]
Attorney, title search are must-haves before purchase
Overlooked defects more common than many think
Part 2 of 2: Perspectives on the financial crisis