Nevada is a non-judicial foreclosure state with mandatory mediation for owner-occupied homes. NV's Foreclosure Mediation Program gives homeowners a powerful tool. Free consultation.
Nevada is a non-judicial foreclosure state under NRS Chapter 107 with one of the strongest foreclosure mediation programs in the country. Timeline: 120-365+ days. No post-sale redemption but no deficiency for owner-occupied purchase-money loans (NRS 40.455). The mandatory FMP mediation program gives homeowners powerful leverage.
The FMP is mandatory for owner-occupied homes. Process: (1) lender records NOD, (2) you elect mediation within 30 days, (3) neutral mediator facilitates, (4) lender must bring original note and settlement authority. Most cases resolve through modifications, short sales, or deed-in-lieu.
Lender records NOD. 35 days to cure. Elect FMP mediation within 30 days — this is critical. Mediation stays the foreclosure.
Court-supervised neutral mediation. Lender must produce original documents and have decision-maker attend. Most cases resolve here with loan modification or alternatives.
If mediation fails, NOS published 3 weeks, auction held. No post-sale redemption. But: no deficiency for owner-occupied purchase-money loans (NRS 40.455).
Mandatory court-supervised mediation — lender must negotiate.
NRS 40.455 prohibits deficiencies for owner-occupied homes.
35 days after NOD. Elect mediation within 30 days.
Lender must produce original note at mediation.
Up to $605,000 equity in bankruptcy.
Mediation extends timeline significantly.
Cure within 35 days of NOD.
Use FMP mediation to negotiate new terms.
We represent you. NV lenders must negotiate.
Automatic stay + $605k homestead exemption.
No deficiency for owner-occupied — safe exit.
Audit for NRS Ch. 107 violations.
FMP mediation — no deficiency for owner-occupied. Free, confidential review.
Nevada is a non-judicial foreclosure state where the process takes approximately 4 months from the Notice of Default to the trustee sale. Nevada has strong homeowner protections including a mandatory foreclosure mediation program (the Nevada Foreclosure Mediation Program — FMP) that allows homeowners to request mediation before a trustee sale. Nevada also requires the lender to provide a specific 30-day notice of default with a right to cure. NRS Chapter 107 governs non-judicial foreclosures under deeds of trust.
Nevada is primarily non-judicial — most foreclosures use the trustee sale process under NRS Chapter 107. Judicial foreclosure is available but rarely used. The non-judicial process includes: (1) the lender records a Notice of Default and Election to Sell, (2) the homeowner has a 35-day reinstatement period, (3) after reinstatement expires, the trustee records a Notice of Trustee Sale at least 21 days before the sale, and (4) the sale is held at public auction. Nevada's Foreclosure Mediation Program gives eligible homeowners the right to request court-supervised mediation with the lender.
The trustee records a Notice of Default and Election to Sell with the county recorder and mails it to the homeowner within 10 days. You have 35 days from the recording date to cure the default by paying past-due amounts plus fees. Nevada law requires specific language in the NOD advising you of your rights. During this period, you can also elect foreclosure mediation by submitting the required form — this is a critical right that can delay the process and create negotiation opportunities.
After the 35-day reinstatement period expires, the trustee records a Notice of Trustee Sale. The sale date must be at least 21 days after recording. The notice is mailed to the homeowner, posted on the property, and published in a newspaper for 3 consecutive weeks. If you elected mediation, the trustee sale is postponed until mediation is completed. This gives Nevada homeowners significant leverage — the lender must negotiate in good faith at mediation or risk delays.
The sale is held at the county courthouse or another public place. The property is sold to the highest bidder. Nevada has no post-sale redemption period. However, Nevada provides strong anti-deficiency protections — the lender cannot pursue a deficiency judgment after a non-judicial foreclosure on a purchase-money loan for owner-occupied residential property. The one-action rule in Nevada also limits lenders to a single foreclosure action.
Eligible homeowners can elect court-supervised mediation. The lender must appear and negotiate in good faith. Mediation postpones the trustee sale.
After the NOD is recorded, you have 35 days to cure the default by paying past-due amounts. If you elect mediation, additional time is available.
No deficiency judgment after non-judicial foreclosure on purchase-money loans for owner-occupied residential properties. NRS 40.455 provides this protection.
Nevada's one-action rule limits lenders to a single action — they generally cannot foreclose and also sue on the note. This provides strategic protections.
NRS 107 requires specific language in the NOD advising you of your rights, including the right to mediation, right to cure, and contact information for counseling.
The full process from NOD to sale is about 4 months. Mediation can extend this timeline, giving you more time to pursue alternatives.
Nevada's mediation program and anti-deficiency protections give you leverage:
Submit your FMP election form within 30 days of NOD. We help you prepare and represent you at court-supervised mediation.
Use the mandatory mediation to negotiate a permanent loan modification. NV lenders must negotiate in good faith.
Cure during the 35-day reinstatement period by paying past-due amounts. Fastest way to stop the process.
Filing triggers an automatic stay that immediately stops the trustee sale. NV allows generous federal exemptions.
Sell or transfer with lender approval. NV's anti-deficiency protections may shield you on qualifying purchase-money loans.
We represent you at FMP mediation, challenging lender compliance and negotiating the best possible outcome.
Elect foreclosure mediation before the 30-day deadline. Free, confidential review. No obligation.
NV's mediation program is your strongest tool. Don't face the lender alone. Free consultation.