With the right help, any foreclosure situation can be successfully resolved.

Gauler Realty, Real Estate & Property Management has helped many homeowners stop foreclosure and we can help you too.

When facing foreclosure, Time is your issue. You MUST act fast to protect your rights.   Many people needing help with stopping foreclosure simply do nothing and hope for a miracle. Don’t fall into that trap!

Remember — You have options. Don’t face foreclosure alone.

Why wait for answers?  Simply call or e-mail me.  I understand the foreclosure process and know the foreclosure laws in Nevada.

Time is your enemy  

If your house payments are more than a month behind, your lender has probably already started the foreclosure process. As time passes, thousands of dollars in penalties and legal fees can be added to the balance you owe. Every day interest is added!

Is Judicial Foreclosure Available?  Yes

Is Non-Judicial Foreclosure Available? Yes

What are the Primary Security Instruments: Deed of Trust, Mortgage

What is the Timeline? Usually 120 days

Is there Right of Redemption? Yes

Are Deficiency Judgments Allowed: Yes

In Nevada, lenders may foreclose on deeds of trusts or mortgages in default using either a judicial or non-judicial foreclosure process.

Judicial Foreclosure

The judicial process of foreclosure involves filing a lawsuit to obtain a court order to foreclose.  It is used when no power of sale is present in the mortgage or deed of trust.  Generally, after the court declares a foreclosure, your home will be auctioned off to the highest bidder.

The borrower has one year (12 months) after the foreclosure sale to redeem the property if the judicial foreclosure process is used.

Non-Judicial Foreclosure

The non-judicial process of foreclosure is used when a power of sale clause exists in a mortgage or deed of trust.  A “power of sale” clause is the clause in a deed of trust or mortgage, in which the borrower pre-authorizes the sale of property to pay off the balance on a loan in the event of the their default.  In deeds of trust or mortgages where a power of sale exists, the power given to the lender to sell the property may be executed by the lender or their representative, referred to as the trustee. Regulations for this type of foreclosure process are outlined below in the “Power of Sale Foreclosure Guidelines”.