Legal Question in Real Estate Law in Nevada

Can i use my homesteaded house for collateral for a business loan in Nevada?


Asked on 9/22/10, 2:19 pm

1 Answer from Attorneys
Paul Malikowski Malikowski Law Offices, Ltd.

Yes, but you may be required by the lender to abandon the homestead as a condition of closing the business loan. The good news is that you can record the homestead again, after the business loan is funded, and enjoy the protection of the homestead from that point forward. Your attorney can explain further.

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Answered on 9/27/10, 3:35 pm


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