updates: Nevada Legislative Updates for Short Sales & Foreclosures AB 273
- 08/10/11 04:30 AM
The 2011 Nevada State Legislature Session ended with several bills, already signed into law by Nevada's Governor Brian Sandoval, that will impact the real estate industry, in particular short sales and foreclosures. A bill that many homeowners in Nevada will most likely be interested in is AB 273. This bill is indented to prevent banks from "double dipping" and going after homeowners once a settlement between the borrower and lender has been reached. It is also intened to reduce the amount of time a junior lien holder has to file for a deficiency from the current six years to six months and it will cap the amount … (6 comments)
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