Nevada has a one-action rule which, with limited exceptions, requires a creditor seeking to recover a debt secured by real property to proceed against the security first prior to seeking recovery from the debtor personally....more
9/5/2017
/ Affirmative Defenses ,
Amended Complaints ,
Anti-Deficiency Provisions ,
Creditors ,
Final Judgment ,
Liens ,
Mortgage Lenders ,
Mortgages ,
NV Supreme Court ,
One-Action Rule ,
Public Policy ,
Secured Debt ,
Waivers
When no statute specifically authorizes a court-appointed receiver to sell real property, what type of sale is it? The Supreme Court of Nevada recently addressed this question, holding that “a receiver sale of real property...more
On November 14, 2013, in Sandpointe Apartments, LLC v. Eighth Judicial District Court, 129 Nev. Adv. Op. 87 (Nov. 14, 2013), and in Branch Banking and Trust Co. v. Neilson, (Nov. 14, 2013) (unpublished), the Nevada Supreme...more