Legal Question in Real Estate Law in Nevada

foreclosure

If I stop making mortgage payments, what will happen?


Asked on 1/23/09, 12:05 pm

2 Answers from Attorneys
Cheryl Rivera Smith The Smith Law Firm

Re: foreclosure

Your lender will foreclose. Contact a realtor in your area who may be able to arrange for a short sale. It is a better alternative to foreclosure.

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Answered on 1/23/09, 12:14 pm
James Smith James E. Smith Ltd.

Re: foreclosure

Your home will be foreclosed upon and auctioned at a Sheriff's sale. If there is a deficiency the mortgagee will come after you.

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Answered on 1/23/09, 12:16 pm


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