Nev. Rev. Stat. § 40.429
This is the official text of Nev. Rev. Stat. § 40.429, part of Nevada’s Rev. Stat — part of the compiled statutory law of Nevada, published by the state as "Rev. Stat." Browse the sections below, each linked to its official government source.
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“Sale in lieu of a foreclosure sale” defined
Official statutory text
“ Sale in lieu of a foreclosure sale ” means a sale of real property pursuant to an agreement between a person to whom an obligation secured by a mortgage or other lien on real property is owed and the debtor of that obligation in which the sales price of the real property is insufficient to pay the full outstanding balance of the obligation and the costs of the sale. The term includes, without limitation, a deed in lieu of a foreclosure sale.
Status: in_force · Read it on the official government site
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