Behind on your mortgage, or holding a notice of default? You still own your home, and the first 30 days are when you have the most options.
I got a notice of default. Now what?
Nevada gives you at least three months before an auction, and you can stay in the home the whole time. Here’s the timeline and your first three calls.
Can I keep my home?
Often, yes. Lenders lose money on foreclosures. Reinstatement, repayment plans, modifications, and mediation are all worth asking about first.
If I sell, do I have equity?
Selling costs and default fees change the math. Enter your numbers to see if you’d walk away with money, break even, or need a short sale.
The order we recommend
- Keep the home if the payment can work, with your lender’s help.
- Sell with equity if it can’t, before fees eat into what you walk away with.
- Short sale if you owe more than the home will sell for.
- Foreclosure is the outcome everything above is meant to prevent.
New: the 2024 to 2026 Las Vegas short sale report
We went through 511 recent Las Vegas short sales one by one. Most of the sellers bought in 2022, closings doubled this spring, and investors resold 26 of these homes for a median $132,500 more.
Who we are
We’re Jeff and Lee Ann Mix, Las Vegas real estate agents since 2006 with the Mix Group at Realty ONE Group. This site has helped Las Vegas homeowners since 2008, and it ranked first on Google for Las Vegas short sales during the foreclosure crisis. See the history.
Talking with us is free, confidential, and comes with no pressure to sell.
This site is general information, not legal or tax advice. Talk with a Nevada real estate attorney about your situation and a CPA about tax questions.