Nevada Assembly Bill 140

AN ACT relating to real property; revising provisions relating to a
notice of sale of real property under execution; establishing
the crime of defacing a notice of sale of real property under
execution or a notice of sale of real property pursuant to a
trustee’s power of sale; establishing rights and duties of a
purchaser of real property pursuant to a foreclosure sale and
establishing rights and duties of a tenant in possession of
such property; revising provisions relating to a sale of real
property pursuant to a trustee’s power of sale; requiring a
landlord to make certain disclosures to a prospective tenant;
and providing other matters properly relating thereto.

Finally bills have passed giving tenant's rights during a foreclosure. The trustee will have to give the tenant notice that the property they are renting is in foreclosure. Under new Nevada law effective October 1, 2009 tenant's are now given 60 days to vacate after the foreclosure. What a mess Nevada has gotten into.

Posted by: Laura Gamino