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Nevada

Nevada Revised Statutes § 107.080. Non-Judicial foreclosure state.

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Judicial Type

Non-Judicial

Redemption

No statutory right of redemption after non-judicial trustee

Deficiency

Deficiency is PROHIBITED for owner-occupied single-family re

Mediation

Nevada Foreclosure Mediation Program (FMP): mandatory for ow

Statute Citation

Nev. Rev. Stat. §§ 107.080-107.560

Redemption Period

No statutory right of redemption after non-judicial trustee sale. The sale is final. Nevada has specific post-sale procedures but no statutory redemption period.

Deficiency Judgment Rule

Deficiency is PROHIBITED for owner-occupied single-family residences after a non-judicial trustee sale (NRS § 40.455). For other properties, deficiency is permitted with fair value limitation — and must be sought within 6 months of sale.

Notice Requirements

Nevada has detailed statutory notice requirements. Notice of default recorded and mailed. Notice of sale recorded and mailed, published 3 consecutive weeks, and posted. Nevada's Homeowner Bill of Rights imposes additional notice requirements.

Mediation Program

Nevada Foreclosure Mediation Program (FMP): mandatory for owner-occupied residential mortgages. Mediation request must be made within 30 days of receiving notice of default.

Key Provisions

  • Non-judicial foreclosure with detailed statutory process
  • Nevada Homeowner Bill of Rights (AB 284) imposes dual tracking prohibition
  • Mandatory foreclosure mediation program
  • Anti-deficiency protection for owner-occupied single-family residences

Homeowner Protections

  • No deficiency on owner-occupied single-family home after non-judicial trustee sale
  • Mandatory mediation for owner-occupants
  • Dual tracking prohibition under Nevada HBOR
  • Strict statutory notice requirements — failure is a defense

Frequently Asked Questions

Am I protected from a deficiency judgment in Nevada?+
If the property is an owner-occupied single-family residence and the foreclosure was non-judicial (trustee sale), the lender CANNOT pursue a deficiency judgment under NRS § 40.455. This is absolute — the lender cannot sue for the balance regardless of how much the property sold for. If the property is NOT owner-occupied or not single-family (investment property, multi-unit), the lender can pursue a deficiency but must do so within 6 months of the sale and the deficiency is limited to debt − fair market value.
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