Asked by Jan, Las Vegas, NV • Tue Oct 20, 2009
We were in the middle of a short sale when the 2nd lender forced foreclosure on October 2nd. Our realtors along with us were shocked because I guess this rarely happens? We tried to get them to hold off the day before, but the auction went through last week. We were served our eviction papers on Saturday (but were already out). My question is what now? We have no idea where we should go from here. We were so confident that the short sale would go through but to have this happen all of a sudden has been a shock to us. How do I get the deed out of our names? Should I get a real estate lawyer? How do we know if we will get a deficiency judgment? Are we protected by NV laws (Debt Relief Act for taxes, The lender can get no more than the fair market value of the home). We have no other debts, we cannot file bankruptcy! So what is the next step? Thanks for any advice.
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