Nevada Foreclosures - 7,177 Foreclosure Listings

Foreclosure Homes in Nevada

There are currently foreclosed homes listed in Nevada. Why should you consider buying a foreclosure property in Nevada? To save money, of course! That’s right, purchasing a foreclosed home can save you as much as 50 percent or more on the final sale price of a distressed deal in Nevada when compared to a traditional single-family house. We’ve also got awesome deals on top of incredible foreclosure deals, from rent-to-own homes, short sales and preforeclosures in Nevada, as well as bankruptcy filings and government-owned foreclosure listings such as HUD, Fannie Mae and Freddie Mac, among others. Just select the county in Nevada that you want to look for a property below. Then search through all distressed real estate listings in Nevada for the amazing deal that’s right for you.

Nevada Foreclosure Laws

Nevada primarily uses a nonjudicial foreclosure process that relies on a deed of trust and power-of-sale language. The process can move fairly quickly once notices are recorded and mailed. Timelines may be extended if mediation or loss-mitigation programs are involved. Deficiency judgments are restricted in some residential cases, especially for certain purchase-money loans.

Foreclosure Type Process

Non-Judicial
Mortgage Instrument Security Type

Deed of Trust (primary). Mortgages are allowed but uncommon.
Typical Timeline Duration

4-6 months typical
Deficiency Judgment

Deficiency prohibited for purchase-money residential loans
Redemption Period Owner Rights

No post-sale redemption.
Process Summary

Nevada primarily uses nonjudicial foreclosure. Trustee’s sales are common, and mediation may be required for certain owner-occupied properties.
Notice / Timing Statute

Nevada Revised Statute § 107.080 et seq. (deed of trust foreclosure)
Redemption Statute(s)

Nevada Revised Statute § 40.459 (redemption for judicial foreclosure only)
Deficiency Statute(s)

Nevada Revised Statute § 40.455 (anti-deficiency for purchase-money on residential property)

How to Buy a Foreclosure in Nevada

Begin by finding foreclosure listings via trustee sale notices, MLS, and county records in Nevada. Nevada' non-judicial foreclosure system requires strict notice compliance. Have funds or financing ready for auction. Conduct thorough title and condition checks. Participate in the trustee sale or negotiate with the lender afterwards.

What type of foreclosure is used in Nevada?

The type of foreclosure in Nevada is Non-Judicial

Is there a redemption period in Nevada?

No post-sale redemption.

Are deficiency judgments allowed in Nevada?

Deficiency prohibited for purchase-money residential loans in Nevada

How do you buy a foreclosure in Nevada?

Begin by finding foreclosure listings via trustee sale notices, MLS, and county records in Nevada.