Josh Talayka | June 3, 2011
Although a foreclosure may be done outside of court, the lender must still adhere to very specific procedures and timeframes that are defined by law. Once all the timeframes and requirements above have been met, the lender may carry out their foreclosure sale (Trustee’s Sale). Following the foreclosure, the lender may still be able to sue the borrower for any deficiency in the amount received from the trustee’s sale.
Category: Credit, Foreclosure Mediation Program, Loan Modification Series, Short Sale & Foreclosures, Tax |
No Comments »
Tags: Chase International, Credit, Deed-in-Lieu, Deficiency, Foreclosure, foreclosure options, foreclosure timeframe, Judicial, lis pendes, Modification, Nevada, NOD, non-judicial, NOS, Notice of Default, notice of sale, NV, Real Estate, reinstatement, reno, short sale, Talayka, www.sellinghomesinreno.com, www.sellingnorthernnv.com
Josh Talayka | July 30, 2010
A foreclosure is a legal process whereby a lender takes back real property after a borrower has failed to make loan payments. Nevada allows for two different types of foreclosures, judicial foreclosure and non-judicial foreclosure. Each type of foreclosure has different timelines.
However, because non-judicial foreclosures are the most common form of foreclosure in Nevada, the timelines outlined in the link below will refer to those in a non-judicial foreclosure.
Category: Foreclosure Mediation Program, Northern Nevada, Short Sale & Foreclosures |
3 Comments »
Tags: Chase International, deed of trust, Default, Foreclosure, Foreclosure Prevention, home retention, Judicial, Mediation, Nevada, NOD, non-judicial, NOS, Notice of Default, notice of sale, NV, Real Estate, Realtor, reno, short sale, Talayka, trustee sale, www.sellinghomesinreno.com, www.sellingnorthernnv.com
Josh Talayka | March 25, 2010
If you are facing foreclosure on your home in Nevada and a notice of default has been filed on your home, you may be able to get help through The Foreclosure Mediation Program (FMP).
The Foreclosure Mediation Program was established as a result of Assembly Bill 149. The program is a process where a neutral third party (the mediator), the homeowner(s) and Lender attempt to negotiate an alternative to foreclosure. The program is only available on homes that are owner-occupied. However, if you do elect to participate in the mediation program, participation by your lender is mandatory.
Category: Foreclosure Mediation Program, Loan Modification Series |
1 Comment »
Tags: AB149, Assembly Bill 149, Chase International, Election to Sell, FMP, Foreclosure, Mediation, Nevada, Nevada Legislature, NOD, Notice of Default, NV, Real Estate, reno, Talayka, www.sellingnorthernnv.com
