The minimum number of days to foreclosure in Nevada is 111 days from the date of the Notice of Default.
| DAY | EVENT |
| DAY 1 | Notice of Default and Election to sell is recorded. An State of Nevada Election/Waiver of Mediation is sent to homeowner along with copy of Notice of Default and Election to Sell. |
| Within the Next 10 Days | Notice of Default and Election to Sell must sent out to the Trustor/Owner and all the Lien Holders by U.S. Post Office Certified Mail. |
| 1st Day after Mailing the NOD | A 35 day reinstatement period begins. |
| DAY 30 | Election to Mediate expires 30 days from the date of the Notice of Default and Election to sell. |
| DAY 35 | The right to reinstate expires. Not at midnight but at the end of the working day. |
| 25 Days before Foreclosure | Lender notifies the IRS (if applicable). |
| DAY 91 | The lender has the right to send out a Notice of Trustee’s Sale. From the date of the Notice of Trustee’s Sale it’s 20 days to foreclosure, unless otherwise specified in the notice. Notice of Trustee’s Sale must be sent via U.S. Registered Mail to all parties who require notification. The notice must also be posted within the County where the sale is to be held and where the property is located. |
| 1 Week before Foreclosure | A bid price is typically established at this point. The bid amount includes principal, interest, advances and costs. |
| DAY 111 | Day of Trustee’s Sale also known as the foreclosure day. Anyone interested in buying the property can bid on the property. Only cash or certified funds are accepted. After the sale, a new deed is provided for the new owner. The new owner may be the bank or the winning bidder. |
*For legal advice on a foreclosure, please contact an attorney. Neither Tania Michaels or Keller Williams Realty, Marketplace One give legal advice.
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“Together we can do great things.”
TANIA MICHAELS
Keller Williams Realty, Marketplace One
3455 Cliff Shadows Parkway #220
Las Vegas, NV 89129
702-675-8211
