Foreclosure Guide
When a borrower stops making mortgage payments to the lender, the loan is in “default.” The lender may then initiate a legal proceeding to sell the property to satisfy the debt. This is called foreclosure, and each step of the procedure is subject to state and federal law.
This section and its "Helpful Links" explains many of the terms, timelines and procedures involved in the foreclosure process in Nevada.
🚨 Borrowers, as well as potential buyers and sellers of foreclosed properties, are encouraged to consult legal counsel and a tax advisor. Foreclosure is a serious legal situation that can have a lasting effect upon credit, taxes and many other personal matters.
This section and its "Helpful Links" explains many of the terms, timelines and procedures involved in the foreclosure process in Nevada.
🚨 Borrowers, as well as potential buyers and sellers of foreclosed properties, are encouraged to consult legal counsel and a tax advisor. Foreclosure is a serious legal situation that can have a lasting effect upon credit, taxes and many other personal matters.
Understanding Foreclosure and Short Sale Options in Nevada: What Homeowners Need to Know
If you're a homeowner in Nevada and facing financial hardship, you're not alone and you're not out of options. Whether you're falling behind on your mortgage or simply feeling overwhelmed, it’s important to understand the alternatives before foreclosure becomes your only path.
As a certified Short Sales and Foreclosure Resource (SFR®) REALTOR®, I help homeowners in the Las Vegas area navigate these difficult decisions with clarity and support.
As a certified Short Sales and Foreclosure Resource (SFR®) REALTOR®, I help homeowners in the Las Vegas area navigate these difficult decisions with clarity and support.
What Is the Difference Between a Short Sale and a Foreclosure?
Short Sale: A short sale happens when a lender agrees to let you sell your home for less than what you owe on the mortgage. This can help avoid the damaging impact of foreclosure on your credit and allow for a fresh start.
Foreclosure: Foreclosure is a legal process where the lender takes back the property due to missed payments. It can stay on your credit report for up to 7 years and may involve vacating your home sooner than you'd like.
How a Certified SFR® REALTOR® Can Help
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I’m trained and certified by the National Association of REALTORS® to assist homeowners facing mortgage difficulties. Here’s how I can support you:
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For Homeowners: Avoiding Foreclosure in NevadaNevada law provides several options that may help you avoid foreclosure. These include loan modifications, forbearance, short sales, and repayment plans. A licensed SFR® real estate agent understands local guidelines and timelines and can help guide you through the right process for your situation.
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For Buyers: How Distressed Properties Can Offer Unique OpportunitiesIf you're a buyer looking for a good deal, short sales and foreclosures can open the door to homes priced below market value. An SFR® agent helps you:
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Why Work With an SFR® Agent in Las Vegas?Selling or buying a home in financial distress doesn’t have to be a nightmare. As a local SFR®-certified real estate professional, I help take the pressure off by guiding you every step of the way. Whether you're trying to avoid foreclosure or exploring a smart purchase, I offer the tools, training, and local insight to make the process smoother.
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Have Questions About Short Sales or Foreclosures in Las Vegas?
Reach out today for a free, confidential consultation. Let’s talk through your options and find the right path forward before foreclosure becomes your only choice. Don't let the bank decide for you!
Most matters pertaining directly to foreclosure are set out in detail by State Law. This information is a general guideline only, and consumers are urged to consult legal counsel regarding their rights and responsibilities under state and federal law.
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