Here is a summary of foreclosure laws and rules for the State of Nevada:

Nevada foreclosure law permits both a judicial and non-judicial foreclosure.

Most foreclosures are non-judicial, which means they take place without court proceedings or supervision.

Foreclosure begins with filing the petition and recording of the notice of default.

It can take up to 116 days to process the documents and the date of publication must be published for 80 days.

If a judicial foreclosure fails to generate sufficient proceeds to pay off what remained due on the loan, then the lender may sue for a deficiency within three months after the foreclosure sale.

A deed of trust sale gives the foreclosure purchaser clear title free of any right of redemption for the old borrower.

There is a one year redemption on judicial sales.

Nevada statute NRS 106.210 was recently revised by State Assembly Bill 284 to make it a category C felony for any party bringing a foreclosure action to make false representations or claims regarding title to the property. The revised law also criminalizes robo-signing and adds enhanced penalties for mortgage lending fraud.

Much more information is available throughout this website, but for definitive advice speak to a local foreclosure or bankruptcy attorney.

If you are interested in reading the actual statutes relevant to mortgage and foreclosure in Nevada those laws are available online.