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What is the time period in which a lienholder [beneficiary, lender] of a deed of trust has to file for a deficiency judgment in Nevada? I've "seen" materials and "heard" that they have 90 days from either a judicial or non-judicial sale.  However, the only documented information is the Nevada Revised Statutes which states "... within 6 months."  See the citation below!     

NRS 40.455  Deficiency judgment: Award to judgment creditor or beneficiary of deed of trust.

      1.  Upon application of the judgment creditor or the beneficiary of the deed of trust within 6 months after the date of the foreclosure sale or the trustee's sale held pursuant to NRS 107.080, respectively, and after the required hearing, the court shall award a deficiency judgment to the judgment creditor or the beneficiary of the deed of trust if it appears from the sheriff's return or the recital of consideration in the trustee's deed that there is a deficiency of the proceeds of the sale and a balance remaining due to the judgment creditor or the beneficiary of the deed of trust, respectively.

     

 
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2 Comments on Deficiency Judgments in Nevada - Time Period

JUL
28
2008
345,272 Points 4 Featured Posts Localism Sponsor Outside Blog Hit Router Called Shot Master

Steven,

Thanks for the info, great to have the statute to quote.  I appreciate you bringing this to the public.

Do you have any info as to which lenders are actively following up on the Deficiency?

Lisa Wetzel  RE/MAX Realty Affiliates

7:13pm • #1
AUG
05
2008

Steven,

Would you please update, as to which lenders are actively following up on Deficiency? What about Washington Mutual (WAMU) ?

Thank you in advance for your prompt response.

 

Regards,

Dave

 

 

Dave
5:00am • #2

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Steven Kitnick

Las Vegas, NV

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Steven Kitnick Seminars, LLC

Address: c/o 1903 S. Jones Blvd., # 100, Las Vegas, NV , 89146

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