Keep the Home
If retaining the property is the goal, lender loss-mitigation or housing-counseling options may deserve consideration first.
Nevada Notice of Default & Foreclosure Help
Received a Notice of Default in Nevada? Here’s What to Do Next.
A Notice of Default or scheduled trustee sale can feel overwhelming, but it does not automatically mean there is only one path forward. Brad Wolfe and Mary Baca help Southern Nevada homeowners understand the real-estate options that may still be available.
Already have a trustee-sale date? Call and tell us the date. Nevada Home Relief cannot guarantee a postponement or stop a foreclosure.
FORECLOSURE SALE SCHEDULED?Do not wait until the last minute.Call (702) 710-0988
Start with the facts
What Does a Notice of Default Mean in Nevada?
A Notice of Default is a serious step in the foreclosure process. It generally means the loan is in default and the trustee or other authorized party has begun the process that may lead to a sale of the property if the default is not resolved.
The exact rights, deadlines and available options depend on the loan, property, notices received and individual circumstances. Do not rely on a website to calculate a legal deadline.
Keep every notice you receive.
Save letters from the servicer, trustee, attorneys and HOA. If a sale date appears on a notice, provide that date when you contact us.
Your situation may have more than one path
What Are My Options After a Notice of Default in Nevada?
Traditional Sale
If the property has enough equity, a normal sale may allow the mortgage and closing costs to be paid without a short sale.
Short Sale
If expected proceeds are insufficient, a lender-approved short sale may be one option to evaluate.
VA Compromise Sale
VA-backed homeowners may have additional considerations when a sale will not fully satisfy the loan.
Sell As-Is
Deferred maintenance does not necessarily mean the property must be repaired before it can be marketed.
Legal / Bankruptcy Advice
Bankruptcy and legal rights require an attorney. We can coordinate the real-estate side while you obtain independent legal advice.
When a sale date is approaching
Seven Days Can Be Very Different From Seventy Days.
The amount of time remaining can materially affect what can realistically be explored. One homeowner Brad and Mary helped contacted the team only seven days before a scheduled foreclosure sale; another contacted them after the first missed payment.
Those outcomes do not guarantee what a servicer or trustee will do in another case. The point is simple: earlier communication generally gives everyone more time to understand the situation.
Do not assume a listing automatically stops foreclosure.
Listing a property, accepting an offer or submitting a short-sale package does not by itself cancel or postpone a scheduled trustee sale. Any postponement is controlled by the appropriate lender, servicer, trustee or other authorized party.
Prepare for the conversation
Information That Helps Us Understand the Situation
Foreclosure Notices
Notice of Default, Notice of Sale, trustee correspondence and any attorney letters.
Notice of Default, Notice of Sale, trustee correspondence and any attorney letters.
Mortgage Information
Recent mortgage statement, servicer name, approximate balance and any second mortgage.
Recent mortgage statement, servicer name, approximate balance and any second mortgage.
Property & HOA Information
Property address, HOA details, known liens, judgments or major repair issues.
Property address, HOA details, known liens, judgments or major repair issues.
Your Goal & Timeline
Whether you want to keep the home if possible, sell, relocate, and any reported sale date.
Whether you want to keep the home if possible, sell, relocate, and any reported sale date.
Do not upload tax returns, bank statements, Social Security numbers or other sensitive financial records through the initial website form.
Want to keep your home?
Explore Retention Options First.
Nevada Home Relief is not built around convincing every homeowner to sell. If keeping the property is your priority, tell us. Depending on the situation, speaking with the mortgage servicer and an appropriate housing-counseling resource may be a sensible first step.
If retention options are not workable, we can help you understand the real-estate alternatives.
Need legal or tax advice?
Foreclosure, bankruptcy, deficiency and tax issues can involve important legal or financial rights. Nevada Home Relief provides real-estate services, not legal or tax advice. Consult the appropriate licensed professional for your circumstances.
Common questions
Notice of Default & Foreclosure FAQs
Does receiving a Notice of Default mean I have already lost my home?
No. A Notice of Default is a serious step in the foreclosure process, but it is not the same as a completed foreclosure sale. Your rights, deadlines and available options depend on your loan, property, notices and individual circumstances. Read every notice carefully and act promptly.
What should I do after receiving a Notice of Default in Nevada?
Start by reviewing the Notice of Default and any other correspondence from your mortgage servicer or trustee. Contact your mortgage servicer promptly to discuss available loss-mitigation options. If the property is your primary residence, you may also want to determine whether Nevada's foreclosure mediation process applies to you. A HUD-approved housing counselor or qualified Nevada attorney can help you understand options outside the real-estate services provided by Nevada Home Relief.
Can listing my home stop the foreclosure?
No. Listing a property, accepting an offer or submitting a short-sale package does not by itself cancel or postpone a scheduled trustee sale. Any postponement is controlled by the lender, servicer, trustee or other authorized party.
Can I sell my house after receiving a Notice of Default?
Potentially. Whether a traditional sale or short sale is feasible depends on the property's value, mortgage balance, liens, condition, available time and other factors. The earlier the situation is evaluated, the more time there may be to determine whether a sale is realistic.
What if I owe more on my home than it is worth?
If the expected sale proceeds are not enough to pay the mortgage and approved closing costs, a lender-approved short sale may be one option to evaluate. Short-sale approval is controlled by the mortgage lender or servicer and is not guaranteed.
What if my loan modification was denied?
A denied or unaffordable loan modification may be a reason to evaluate other available options, including possible sale alternatives. A denial does not automatically mean foreclosure is the only outcome, and it does not automatically mean a sale is the right answer.
Does Nevada have a foreclosure mediation program?
Nevada law provides a foreclosure mediation process that may apply to qualifying owner-occupied housing. Eligibility, procedures and deadlines depend on the circumstances and the notices you received. Review your Notice of Default materials promptly and consider contacting a HUD-approved housing counselor or qualified Nevada attorney if you need help determining your rights or eligibility.
Can a HUD-approved housing counselor help me keep my home?
HUD-approved housing counselors can help homeowners understand mortgage delinquency, default and foreclosure-prevention options. HUD states that foreclosure counseling is free. Nevada Home Relief provides real-estate services and is not a HUD-approved housing counseling agency.
Should I talk to a bankruptcy or foreclosure attorney?
If bankruptcy, foreclosure rights, deficiency liability or other legal issues may be involved, speak with a qualified Nevada attorney promptly. Nevada Home Relief provides real-estate services, not legal or tax advice.
Don't guess about your next step
Tell Brad & Mary Where You Are in the Process.
Whether you missed one payment, received a Notice of Default or already have a scheduled trustee sale, start by understanding the property, loan and timeline.