Considerations When Surrendering A House During Bankruptcy
Many debtors are surprised to learn that surrendering a house during a bankruptcy does not immediately transfer ownership back to the bank. The way that the bank gets title is either by a deed transfer from the debtor (like a deed in lieu of foreclosure), or, most commonly, through a foreclosure sale. Unfortunately, banks are […]
6 Differences Between Judicial and Non-Judicial Foreclosure in Nevada
Foreclosure is still a hot issue in Nevada, and people who have underwater mortgages and are behind on their payments often wonder how the foreclosure system works. One point in particular that they might be concerned about is whether Nevada is a “Judicial” or a “Non-Judicial” foreclosure state. The distinction is important because many of […]