Nevada § 107.087 - Notice of default and election to sell in residential foreclosure: Requirements

§ 107.087. Notice of default and election to sell in residential foreclosure: Requirements

1. In addition to the requirements of NRS 107.080 , if the sale of property is a residential foreclosure, a copy of the notice of default

and election to sell and the notice of sale must: (a) Be posted in a conspicuous place on the property not later than: (1) For a notice of default and election to sell, 100 days before the date of sale;

or (2) For a notice of sale, 15 days before the date of sale; and (b) Include, without limitation: (1) The physical address of the property; and (2) The contact information of the trustee or the person conducting the foreclosure

who is authorized to provide information relating to the foreclosure status of the

property. 2. In addition to the requirements of NRS 107.084 , the notices must not be defaced or removed until the transfer of title is recorded

or the property becomes occupied after completion of the sale, whichever is earlier. 3. A separate notice must be posted in a conspicuous place on the property and mailed,

with a certificate of mailing issued by the United States Postal Service or another

mail delivery service, to any tenant or subtenant, if any, other than the grantor

or the grantor's successor in interest, in actual occupation of the premises not later

than 15 days before the date of sale. The separate notice must be in substantially the following form: NOTICE TO TENANTS OF THE PROPERTY Foreclosure proceedings against this property have started, and a notice of sale of

the property to the highest bidder has been issued. You may either: (1) terminate your lease or rental agreement and move out; or (2)

remain and possibly be subject to eviction proceedings under chapter 40 of the Nevada

Revised Statutes. Any subtenants may also be subject to eviction proceedings. Between now and the date of the sale, you may be evicted if you fail to pay rent or

live up to your other obligations to the landlord. After the date of the sale, you may be evicted if you fail to pay rent or live up

to your other obligations to the successful bidder, in accordance with chapter 118A of the Nevada Revised Statutes . Under the Nevada Revised Statutes eviction proceedings may begin against you after

you have been given a notice to surrender. If the property is sold and you pay rent by the week or another period of time that

is shorter than 1 month, you should generally receive notice after not less than the

number of days in that period of time. If the property is sold and you pay rent by the month or any other period of time

that is 1 month or longer, you should generally receive notice at least 60 days in

advance. Under Nevada Revised Statutes 40.280 , notice must generally be served on you pursuant to chapter 40 of the Nevada Revised

Statutes. If the property is sold and a landlord, successful bidder or subsequent purchaser

files an eviction action against you in court, you will be served with a summons and

complaint and have the opportunity to respond. Eviction actions may result in temporary evictions, permanent evictions, the awarding

of damages pursuant to Nevada Revised Statutes 40.360 or some combination of those results. Under the Justice Court Rules of Civil Procedure: (1) You will be given at least 10 days to answer a summons and complaint; (2) If you do not file an answer, an order evicting you by default may be obtained

against you; (3) A hearing regarding a temporary eviction may be called as soon as 11 days after

you are served with the summons and complaint; and (4) A hearing regarding a permanent eviction may be called as soon as 20 days after

you are served with the summons and complaint. 4. The posting of a notice required by this section must be completed by a process

server licensed pursuant to chapter 648 of NRS or any constable or sheriff of the county in which the property is located.