SellingNorthernNV

Keeping you informed on all things real estate

Energy Consumption Evaluation requirements

admin | August 21, 2009

Effective January 1, 2011, sellers of residential properties will be required to provide buyers with an evaluation of energy consumption. SB 437 (2007 Session) added the following to the Nevada Revised Statutes (NRS) which outlines this new requirement:

Don’t mistake a foreclosure with forgiveness of debt.
NRS 40.455 Deficiency Judgment

admin | June 1, 2009

Many people make the mistake in thinking that because their lender foreclosed on their home, that they no longer owe on their debt. This is dangerous misconception. In the state of Nevada (check your state laws) after your lender forecloses, they may file a deficiency judgment against you.