Nevada Revised Statutes 645H.120 – ‘Real property in foreclosure’ defined
Current as of: 2023 | Check for updates
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‘Real property in foreclosure‘ includes, without limitation, a residence in foreclosure or commercial real property against which there is an outstanding notice of the pendency of an action for foreclosure recorded pursuant to NRS 14.010 or notice of default and election to sell recorded pursuant to NRS 107.080.
Terms Used In Nevada Revised Statutes 645H.120
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.