Call Us Anytime!
(844) 285-9690Navigating a foreclosure in Nevada can be a complex and daunting process. Understanding the basics of foreclosures in Nevada and the state's real estate laws can help you make informed decisions while trying to protect your home.
Foreclosure is a legal process by which a lender or creditor takes possession of collateral that has been pledged as security for a loan or other obligation. In Nevada, lenders must take the borrower to court before they can begin foreclosure proceedings.
Once the court approves the foreclosure, the title to the property is transferred from the borrower to the lender. The law requires that lenders provide notice to borrowers who are behind on their mortgage payments so that they have an opportunity to negotiate with their lender or seek out alternative solutions like refinancing or loan modifications.
Nevada also has strict rules about how long lenders must wait after sending out this notice before beginning foreclosure proceedings. It is important for homeowners to understand these requirements in order to ensure that their rights are protected during this process.
Knowing your rights and understanding Nevada's real estate laws can help you navigate through a foreclosure and protect your house ownership rights.
When it comes to a mortgage payment in the state of Nevada, missing a payment can have serious consequences. Not only does it affect your credit score, but it can also lead to foreclosure.
If you miss a payment, you will be contacted by your lender and given an opportunity to make up the missed payments. However, if you are unable to do so in a timely manner, then your lender may start the foreclosure process on your property.
During this process, the lender will file a notice of default with the local court and attempt to collect any past due amounts from you. Depending on how far behind you are on payments, they may also seek legal action against you in order to try and recover the money owed.
It is important that if you are having difficulty making mortgage payments that you contact your lender right away and discuss available options such as refinancing or modification of terms before they begin the foreclosure process.
Navigating foreclosure in Nevada can be a daunting task, but being aware of preforeclosure laws and guidelines can help homeowners make informed decisions. Preforeclosure is the period between when a homeowner defaults on their mortgage payments and the final step of foreclosure, which is the actual repossession of the house.
In Nevada, there are several steps that must take place before a house can be foreclosed upon. Homeowners should know that they will receive notice from their lender if they fall behind on payments, outlining their rights and options to keep the house or pay off any past due amounts.
If a payment plan cannot be reached within a certain amount of time, then the lender may pursue foreclosure proceedings. During this process, it is important for homeowners to remember that they still own the house until it has been legally transferred to another party.
Homeowners should also understand that even if their home does enter preforeclosure status, there are still ways for them to save it such as applying for loan modifications or trying to work out an agreement with their lenders. Furthermore, Nevada offers resources and programs designed to help homeowners during this difficult time such as counseling services and financial assistance.
Knowing these options can help homeowners better navigate foreclosure in Nevada and potentially save their home from repossession.
In Nevada, the foreclosure process begins when the homeowner fails to make payments on their mortgage. The lender then records a Notice of Default, which is a legal notice that informs the borrower they are in default of their loan obligations and have a certain amount of time to catch up on payments.
If they fail to do so, the lender will move forward with foreclosure proceedings. During this period, homeowners are able to renegotiate the terms of their loan and reach a resolution before having to face foreclosure.
It is important for homeowners to understand these laws in order to maximize their chances of keeping their home and avoid further financial hardship.
Foreclosure in Nevada is a complex process that can be difficult to navigate. The most common form of foreclosure in the state is called a non-judicial foreclosure, which occurs when the borrower defaults on their mortgage loan and fails to pay the outstanding balance.
This type of foreclosure typically takes place outside of court, with a trustee overseeing the process. In this instance, the lender will serve the homeowner with a Notice of Default and then begin proceedings by publishing a Notice of Sale in two consecutive weekly publication issues.
The defaulted homeowner then has four months from the date of the first publication to either pay off the balance or enter into an agreement with the lender for repayment. If neither happens, the property is sold at auction and ownership passes to the highest bidder.
It is important for homeowners to understand all of their rights and options throughout this process in order to ensure they are fully informed during each step.
When facing foreclosure in Nevada, it is important to understand the strategies available to avoid or stop the process. One of the most common methods of avoiding foreclosure is to contact a HUD-approved housing counseling agency, which can provide free guidance and advice on how to negotiate with your lender.
Additionally, homeowners may be able to apply for assistance programs such as loan modification or loss mitigation services. Homeowners can also work with their lender to explore short sale or deed-in-lieu options.
It is important to note that lenders are not required to accept any of these foreclosure prevention strategies; however, they may be willing if presented with an appropriate solution. Furthermore, it is also possible for homeowners in Nevada to file for bankruptcy protection as a way of stopping a foreclosure from occurring.
Ultimately, understanding all the options available and knowing which strategies are best suited for each individual situation can help homeowners stay informed and have the best chance of avoiding foreclosure in Nevada.
Navigating foreclosure in Nevada can be a daunting process, but understanding the deficiency judgment laws associated with it is vital. A deficiency judgment is a court-ordered payment that the homeowner must make to their lender if the amount owed on their property exceeds its value.
In Nevada, lenders are allowed to pursue deficiency judgments against homeowners who have lost their home due to foreclosure, although they may only do so if certain conditions are met. For example, in order for a lender to get a deficiency judgment, they must first file an action within six months of the foreclosure sale.
Additionally, they must prove that there was no reasonable hope of recovering what was owed and that they had exhausted all other remedies before filing the action. It's important to note that even if a lender is successful in obtaining a deficiency judgment, the amount may still be modified or reduced depending on certain circumstances.
Understanding these laws and how they might affect you can help you better prepare for navigating foreclosure in Nevada and house ownership generally.
In Nevada, homeowners who face foreclosure must vacate their home within a certain period of time set by state law.
Although the exact timeline to vacate varies depending on the type of foreclosure, it is generally between 10 and 120 days after the date of sale.
To determine how long you must vacate your home after a foreclosure in Nevada, you should review the deed of trust or contact your lender or local courts for more information about your specific situation.
Understanding the process and timeline for foreclosures can help you plan ahead as you navigate this difficult situation.
When facing foreclosure in Nevada, homeowners have a few options to help them avoid losing their home. If the homeowner is able to find alternative sources of income, such as a second job or side hustle, they may be able to make up the difference and catch up on payments.
Another solution is to apply for a loan modification with their lender that would lower the monthly payments or extend the term of the loan. A third option is to negotiate with the lender for a short sale, which allows them to sell their home for less than what they owe on it.
Finally, if all else fails, homeowners can attempt a deed in lieu of foreclosure, in which they voluntarily transfer ownership of their home back to the lender in exchange for having past due payments forgiven. These are some useful strategies that homeowners can take advantage of when trying to navigate through foreclosure in Nevada.
If you are a homeowner in Nevada facing foreclosure, it's important to understand your rights under the law. According to Nevada's real estate laws, a borrower has the right to reinstate their mortgage before a foreclosure sale takes place.
This means that the borrower can pay off any past-due payments and other fees associated with the loan in order to keep their home. If a homeowner does not have enough cash available for reinstatement, they may be able to negotiate with their lender for another option such as a loan modification or forbearance agreement in which the lender agrees to reduce or suspend payments for an agreed-upon period of time.
It is important for homeowners to understand that if they do choose to reinstate their mortgage before a foreclosure sale occurs, they will still owe all of the past due payments and other fees associated with the loan along with any new interest and penalties accrued. Additionally, it is important to note that while state law grants homeowners the right to reinstate their mortgage before a foreclosure sale occurs, lenders are not required by law to allow this option and may still proceed with the scheduled foreclosure sale even if reinstatement is requested.
Navigating foreclosure in Nevada can be a difficult situation for house owners. Before deciding whether to let your house go into foreclosure, it is important to understand the consequences and the real estate laws in Nevada.
Foreclosure can have serious long-term effects on an individual's credit score and their ability to purchase a home in the future. Knowing what to expect during the process of foreclosure can help you make an informed decision.
Additionally, understanding how Nevada's real estate laws will impact your situation can guide you through potential pitfalls. This includes knowing how much time you have before being evicted from the property, as well as what kind of recourse may be available if you are unable to pay your mortgage.
Evaluating all of these factors carefully can help inform your choice about whether allowing your house to go into foreclosure is the right option for you and your family.
When navigating foreclosure in Nevada, it is important to understand the role of breach letters and how they impact the process. A breach letter is a written notice sent by a lender to a borrower to inform them that their mortgage payment is delinquent and that they must take immediate action.
This letter typically outlines the amount of time that the borrower has to make up for past due payments and what will happen if those payments are not made. In some cases, a breach letter may also include details about potential foreclosure proceedings.
It is important to understand that the receipt of this kind of letter does not always mean that foreclosure will occur; however, it does signify an important step in the process. If a borrower fails to comply with the terms outlined in the breach letter, they risk entering into foreclosure proceedings which can have serious consequences on their ability to own or rent property in Nevada.
Therefore, it is essential for individuals facing foreclosure in Nevada to understand how breach letters impact the process and take all necessary steps to comply with their terms.
Navigating foreclosure in Nevada can be a daunting task, but understanding the process and when it officially starts is key to protecting your house ownership. Foreclosure in Nevada begins when the lender sends the borrower a notice of default.
This document serves as written notice that the borrower has violated the terms of their mortgage loan agreement by not making payments on time or otherwise failing to meet their contractual obligations. The notice of default includes information about the amount owed and other pertinent details regarding the foreclosure proceedings.
If payments are not made within 90 days after this notice has been sent, then the lender may proceed with filing a lawsuit against the homeowner. Once this has happened, it is important to understand that there is no way to stop or reverse the process; foreclosure proceedings must go forward until either an agreement is reached between lender and borrower or until a court orders otherwise.
Knowing when foreclosure processes begin will give homeowners in Nevada better insight into how they can protect their rights and interests during this difficult time.
For many Nevada homeowners, there is an important step in the foreclosure process they should be aware of: redemption rights. Redemption rights allow a homeowner to reclaim their home after the foreclosure sale if they can pay off the full amount owed, plus any additional costs and fees associated with the foreclosure.
It's important to understand that redemption rights are only available for a limited period after the foreclosure sale, typically ranging from three months up to one year. After redemption rights expire, the new owner has full title and ownership of the home and can evict occupants who remain on the property.
Homeowners should also know that there are different rules and regulations for redemption rights depending on whether or not it is a judicial or non-judicial foreclosure. In non-judicial foreclosures, homeowners do not have any right of redemption unless it is explicitly stated in state law or specified in their mortgage documents.
On the other hand, Judicial foreclosures provide homeowners with some form of redemption period where they may regain possession of their home by paying off all money owed plus any additional costs and fees associated with the foreclosure. The exact terms of redemption vary from state to state so it is essential for homeowners to understand what their local laws say before making decisions about how to proceed during a foreclosure situation.
Navigating a foreclosure in Nevada can be a daunting and overwhelming process for many house owners. It is important to understand the laws and regulations that govern foreclosures in Nevada, as well as the timeline and procedures involved.
The first step is to become aware of your rights under Nevada real estate law. As a house owner, you should be aware of the foreclosure process itself, including how it begins, what parties are involved, what happens during the process, and how it ends.
Additionally, understanding your rights as a homeowner will help you make informed decisions throughout the entire process. You should also be aware of alternatives to foreclosure such as loan modifications or other means of avoiding foreclosure altogether.
Knowing your options is critical in order to successfully navigate through a Nevada foreclosure situation. Finally, it is important to know where to seek assistance from professionals who specialize in helping homeowners through the process of foreclosure in Nevada.
Understanding these processes can ensure that house owners are better prepared when facing a possible foreclosure in Nevada.
Navigating foreclosure in Nevada can be a daunting task, so it is important to understand the resources available to homeowners facing foreclosure. A variety of state and federal organizations offer assistance to those at risk of losing their homes; some offer loan modification programs, while others provide legal aid or educational counseling.
Nevada Homeowner Advocates provides free legal advice and representation for those facing foreclosure, helping with paperwork and negotiating with lenders. The Nevada Housing Division also offers assistance through its Home Again program, which helps eligible homeowners stay in their homes via refinancing options.
Additionally, HUD-approved housing counselors can provide advice on avoiding foreclosure as well as on loan modification, credit repair, and debt management plans. Finally, Nevada’s Department of Business and Industry provides information about state laws governing real estate transactions and works to ensure fair access to the housing market for all Nevadans.
With these resources available, homeowners can better prepare themselves against foreclosure and take steps towards keeping their homes safe from financial hardship.
Navigating the complexities of foreclosure in Nevada can be a daunting process, and it is essential to understand the legal steps involved in order to protect oneself from unscrupulous lenders. Homeowners must first be aware of their rights and responsibilities under Nevada real estate law.
Understanding this process can help homeowners protect themselves from lenders who may attempt to take advantage of them during foreclosure. In Nevada, homeowners have the right to receive notice of a pending foreclosure action at least 20 days before any action is taken.
This provides homeowners with an opportunity to review the terms of their mortgage and work with their lender or a third party negotiator if possible. Additionally, lenders are required to provide homeowners with an accounting of all fees related to the foreclosure including attorney's fees and court costs.
Borrowers should ask for this information so they can be sure that they are not being taken advantage of by unscrupulous lenders. Finally, borrowers should consider consulting an experienced real estate attorney who can explain their options and provide advice throughout the entire foreclosure process.
Navigating foreclosure in Nevada can be a confusing and lengthy process, especially for those unfamiliar with the laws surrounding real estate. The length of time it takes for a home to go through the foreclosure process depends on several factors, such as the type of loan and when the homeowner first fell behind on payments.
The lender must typically wait until 90 days have passed since the due date of the first missed payment before beginning the foreclosure proceedings in Nevada. After that point, it can take anywhere from two to nine months for the entire process to be completed.
During this period, homeowners may receive notices from their lender informing them of their options, such as loan modifications or other ways of avoiding foreclosure. Homeowners who are unable to make payments or find other solutions may end up losing their home altogether.
Understanding how long it takes for a home to go through foreclosure is important for house owners in Nevada so they can begin taking steps toward finding a solution as soon as possible.
Navigating foreclosure in Nevada can be a daunting task, especially for homeowners who have been displaced. It is important to understand the options available and the real estate laws that may apply in order to successfully navigate through the foreclosure process and reclaim ownership of one's home.
Nevada has several post-foreclosure options for displaced homeowners, such as redemption periods or settling with the lender. Redemption periods are a period of time after foreclosure where the homeowner can reclaim their property by paying off all outstanding debts including legal fees and costs associated with the foreclosure.
Settling with the lender is another option, where a homeowner can negotiate a payment plan or settlement amount to bring the account current and avoid further legal action. In addition, Nevada's real estate laws provide a number of protections for homeowners, including homestead exemptions which prevent creditors from taking away certain types of property during foreclosure proceedings.
Furthermore, Nevada's anti-deficiency laws protect homeowners from being held liable for any deficiency judgment if their home is sold at auction for less than what was owed on it. Displaced homeowners should take advantage of these post-foreclosure options and real estate laws in order to reclaim ownership of their home and protect themselves from liability.
The Nevada Homeowner Bill of Rights outlines various legal protections for homeowners facing foreclosure in the state. This bill covers mortgage servicing standards, debt collection laws, and homeowner rights under both federal and state law.
For example, all foreclosures must be initiated by a document called a Notice of Default that is filed with the county recorder’s office. The notice must include a copy of the loan agreement as well as an explanation of the homeowner’s right to reinstate the loan or to redeem it within certain time frames.
Moreover, servicers are prohibited from collecting more than one payment during a foreclosure action unless specifically allowed by law. Furthermore, this bill requires lenders to provide written notice to borrowers before initiating any collection activity and prohibits them from imposing excessive late fees or charges.
Lastly, any borrower who believes they have been harmed by a servicer's violation of the Homeowner Bill of Rights may seek relief through legal action or file a complaint with the Nevada Attorney General’s Office.
Foreclosing on a home in Nevada is a complicated process, and the timeline for completion can vary greatly depending on the specific situation. Generally speaking, it takes approximately six months from start to finish for foreclosure proceedings in Nevada, though this can be much longer if the homeowner is actively contesting the foreclosure.
The process begins when the lender files a Notice of Default with the County Recorder's Office and sends notification to the mortgagor. From there, the lender must wait at least 90 days before filing a Notice of Sale with the County Recorder's Office.
After that notice is filed, an additional 20 days are required before any foreclosure sale can take place. Homeowners in Nevada have certain rights during this process, including the right to redeem their property within five years after it is sold or transferred to another party via foreclosure auction.
If a homeowner wishes to avoid foreclosure altogether, they may be able to work out an alternative solution such as loan modification or refinancing. Ultimately, navigating through foreclosures in Nevada requires a thorough understanding of both state and local real estate laws as well as careful consideration of all options available to homeowners facing financial difficulty.
When a homeowner is unable to make their mortgage payments, foreclosure can become an unfortunate reality. A number of factors can contribute to homeowners being unable to keep up with their financial obligations, thus leading them to let their house go into foreclosure.
These include unemployment, illness or injury, divorce or separation, death of a family member, and significant changes in income. Additionally, some people may be unaware of the resources available to help them avoid foreclosure such as loan modifications or refinancing options.
Furthermore, Nevada has strict laws and regulations that must be followed when it comes to foreclosures and real estate transactions. It’s important for homeowners in Nevada to be aware of all their options when faced with possible foreclosure, so they can make informed decisions about their future home ownership.
When a homeowner in Nevada defaults on their mortgage, the lender can file for foreclosure. The foreclosure process begins when the lender issues a Notice of Default to the homeowner, and the homeowner is given 30 days to make up the payments they owe.
If the homeowner fails to make up these payments, then a Notice of Sale will be issued by the lender. At this point, a public auction is scheduled and announced in local newspapers.
Generally, it takes three months from Notice of Default until sale at auction. During this time period, a homeowner may be able to reinstate their loan by bringing their account current; however, other options are also available such as short sales or deed-in-lieu of foreclosure.
At the auction sale, any qualified bidder may bid on the property and if no one bids on it then it will revert back to the lender who initiated the foreclosure proceedings. The winning bidder must pay cash for the property within 24 hours after the sale and take ownership of it during that time period.
In Nevada, lenders have 6 months after a successful auction sale to initiate an eviction process against any occupants living in or using the foreclosed home.
Foreclosure can be a stressful and intimidating process, but there are steps that homeowners in Nevada can take to help prevent the foreclosure of their homes. One important step is to contact your lender as soon as you realize you cannot make your mortgage payments.
This will give you the opportunity to explain your financial situation and negotiate with them for an alternative payment arrangement. Additionally, it is important to understand Nevada’s foreclosure laws so that you know where you stand legally if your lender decides to proceed with foreclosure proceedings.
You may qualify for a loan modification or other options that could provide more time for repayment of the debt. Additionally, you should consider seeking legal advice from a qualified attorney who understands real estate and house ownership laws in Nevada.
Lastly, do not hesitate to seek out a housing counseling agency if you need extra help navigating the foreclosure process in Nevada or want additional information on how to stop foreclosure in the state. By taking these proactive steps, homeowners can better protect themselves from losing their home due to foreclosure.
A: Utilizing a mediator can help to ensure that all parties involved in the foreclosure process, including the borrower and lender, understand their rights and responsibilities. A mediator can also help facilitate an agreement that is beneficial for both parties by working to lower the principal balance owed and providing other options such as loan modifications or forbearance.
A: Allowing a Nevada owner-occupied property to go into foreclosure due to an inability to pay the loan amount can have serious financial and legal consequences. It can significantly damage your credit score, making it difficult or impossible to obtain new loans or lines of credit in the future. You may also be held liable for any deficiency balance on the loan after the foreclosure sale, meaning you could be required to pay the difference between what was owed on the loan and what was received from the sale. Additionally, you may be subject to legal action from your lender if they choose to pursue a deficiency judgment against you.
A: Homeowners facing foreclosure in Nevada may want to consult with a lawyer to understand their rights and obligations under the law. A lawyer can help homeowners assess their options, such as negotiating a loan modification or forbearance agreement, pursuing mediation or other alternative dispute resolution methods, defending against any claims by the lender, and understanding the consequences of allowing the property to go into foreclosure. In addition, they can provide advice regarding the liability associated with any mortgage debt that remains after the foreclosure is complete.
A: If a Nevada homeowner fails to pay the loan amount due to their HOA, the HOA may initiate foreclosure proceedings. This could result in serious financial consequences for the homeowner, such as losing their home and any equity they have built up in it, as well as having their credit score adversely affected. It is important for homeowners facing an HOA foreclosure to understand all of their legal rights and obligations before proceeding.
A: Allowing a property to go into foreclosure in Nevada may lead to Chapter 13 bankruptcy proceedings which can help you manage your debt and keep some of your assets. A deficiency judgment may be issued if the foreclosure sale does not fully satisfy the debt owed on the home. Additionally, unpaid taxes due from before or during the foreclosure may become due again as part of a tax lien.
A: If a property is foreclosed on in Nevada, the owner is subject to an Unlawful Detainer action being brought against them by the lender. The lender can also file a Notice to Quit with the court ordering the homeowner to vacate the property or face eviction proceedings. The lender can also place a lien on the property that must be paid off before any other debts associated with the property can be discharged. Additionally, depending on state laws, homeowners may be held liable for any deficiency judgments or taxes accrued as a result of foreclosure.
A: If a homeowner chooses to allow their house to go into foreclosure in Nevada, they may be subject to short sell proceedings, which could result in a deficiency judgment against them. Additionally, other parties such as lenders or creditors may pursue civil or legal action against the homeowner for repayment of the outstanding amount due. Finally, depending on the jurisdiction, homeowners may also be sued for any remaining balance after foreclosure proceedings have been completed.
A: Navigating foreclosure in Nevada can be a complex process. Resources such as A Guide To House Ownership, Real Estate Laws and other publications from legal organizations can provide important information about the specific laws and regulations pertaining to foreclosure in your state. Additionally, consulting with a qualified attorney who is knowledgeable about real estate laws can help you understand your rights and responsibilities as a homeowner in Nevada.
A: Allowing a property to go into foreclosure in Nevada can have a significant negative impact on an individual’s credit score. This includes a decrease in their credit rating, which could affect future borrowing and loan approval abilities. Additionally, it could also result in higher interest rates for future loans and cause difficulty when trying to rent or purchase another home.
A: The potential benefits of using a mediator to negotiate mortgage foreclosure in Nevada may include finding a resolution that fits within the Making Home Affordable Program guidelines, reducing the financial burden imposed by repossessions, avoiding additional fees associated with legal action taken by the mortgage servicer, and obtaining a fair market value for the property.
A: Foreclosure will typically result in a decrease in the fair market value of your property due to a decrease in demand. In addition, it will also likely result in you losing any existing equity that you have built up. Finally, if foreclosure proceedings are initiated against you, you will receive a notice of such via certified mail from the court. The price at which your home is sold may be below what is owed on the loan depending on the current market conditions.
A: The potential benefits of allowing a house to go into foreclosure in Nevada during the coronavirus pandemic include being able to discharge mortgage debt through Chapter 7 bankruptcy. However, there are also significant risks that should be taken into account. These may include loss of equity, deficiency judgments from lenders, and negative consequences on credit scores. Additionally, it is important for homeowners to act in good faith by exploring other options such as loan modifications or refinancing before considering foreclosure.
A: The best way to manage the process of allowing your house to go into foreclosure in Nevada is by consulting a real estate or foreclosure attorney who can provide advice on your legal rights and responsibilities. The attorney can also help you negotiate with the lender or mortgage servicer to reach an agreement that could benefit both parties. Additionally, they can advise you on potential solutions such as a loan modification that could allow you to keep your home and avoid going into foreclosure. It is important to consider all possible options before making a decision as there may be serious implications such as decreased market value of the property, liability for a deficiency judgment or taxes owed on forgiven debt, Unlawful Detainer notices or evictions, and lien issues that could arise from allowing your house to go into foreclosure.
A: When allowing your house to go into foreclosure in Nevada, you should take steps to protect your rights by understanding the terms of your Promissory Note and any laws or regulations that apply in Las Vegas. You should also be aware of any potential Detainer actions that could be taken by creditors as well as be prepared to negotiate with them on Unsecured Debts. Additionally, you should contact a qualified attorney who specializes in Real Estate Law for further advice.
A: Allowing your house to go into foreclosure in Nevada can have serious legal implications. Under federal law, a lender may be able to sue for deficiency judgment if the home is foreclosed and sold for less than what is owed on the loan. In addition, if forgiven debt is greater than $600, the debtor may be required to report this as income and pay taxes on it. The court system may also enter judgments against you for any unpaid debts that remain after the foreclosure sale. Finally, depending on state laws, debt relief options such as bankruptcy or forbearance agreements may not be available after a foreclosure has occurred.
A: Allowing a Nevada home to go into foreclosure can have serious legal implications. Under the current real estate laws, a lender is allowed to place a lien on your property for the amount due on your loan and also pursue a deficiency judgment against you. This could result in any unpaid balance being collected through wage garnishment or other collection methods. If an owner-occupied property is foreclosed upon, it may also trigger an Unlawful Detainer action or Notice to Quit. Depending on the circumstances, there may be other state and federal laws that must be considered before allowing a house to go into foreclosure in Nevada.
