Legal Question in Real Estate Law in Nevada

Re: Resort Time Share

Unfortunately, this is a question of Nevada law, so you need to post it to Nevada attorneys. I do know that in Nevada (let's assume you walk away from the property), they have real estate deficiencies, so it is likely that the lender will foreclose, and pursue a deficiency if one exists. As a purely practical matter (not a matter of law), few lenders will accept a quitclaim deed or a deed-in-lieu of foreclosure on a defaulted property. The foreclosure wipes out any subordinate debts that might have attached to the property. Check with a Nevada attorney, but I fear short of selling the property, you have no really good options.

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