Call the number on my site and I work the details out with you, most people are just letting the homes just go back to the bank, and that is hurting everyone. The Bank would rather you short Sale the property plus it is better on your credit. I pay cash to the Bank to remove all liens and then I can rent the property as my investment.
Buy a home after foreclosure expert
The best resource for this type of question is a real estate attoney who can review your documents from when you bought the home. Hopefully there was no fraudulent activity (buying the home owner occupied with no intent to live in it etc.) I have an attorney in Arizona I could refer you to but I don't know how whell they are going to be versed in the Las Vegas market/and real estate laws, but if you want that information I have happy to give it to you she has a fairly reasonable consultation fee about 200-250. Email me direct for the information should you want legal counsel, though it you have it in LA, I would talk to them.
Best of luck hope this helps