Profile picture for ooogha

How Long Does Foreclosure Take in NV (with Mediation)?

My husband lost his job a while back and we were unable to keep up with the house payment.  We went to NV mediation and they did absolutely nothing to help us.  Does anyone know how much time going to the mediation might buy us?  It was almost a month ago that we went and I am hoping we won't get booted right at Christmas.  Thanks in advance for any replies. 

  • November 04 2010 - East Reno
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Answers (3)

Profile picture for wetdawgs
Many lenders currently have a moratorium on pursuing foreclosures, investigate whether your lender is one of them and the implications.
  • November 04 2010
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According to a website operated by the state of Nevada, from the time the foreclosure action is filed to the time of the sheriffs sale is anywhere from two months to nine months. So it appears that you won't be kicked out during the holidays.

There is a phone number on the site. I urge you to give them a call.

http://foreclosurehelp.nv.gov/
  • November 04 2010
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Hi ooogha ,

I am very familiar with the Foreclosure Mediation Program, and attend on average 2 mediations per month with various clients.  The timeframe before your lender will be able to qualify will depend on a few things.


First off, did the lender comply with all the rules of mediation?

If they didn't and the mediators report reflected this, then it is highly likely that they will be denied their request to obtain a certificate of completion.  In this case they will have no choice but to start the entire foreclosure process over, including having to offer you another chance at mediation. 

If the lender did comply with all the rules of mediation, then the next step would have been them requesting their certificate of completion.  Because the program is so over burdened with a large work load and limited staff, I have been told that in some cases it has taken them up to 4 months from the date a certificate was requested to actually being able to issue it.  Until your lender gets there certificate, they cannot file a Notice of Sale on your property. 

While your lender is waiting to receive their certificate, there are other actions you can take that would further delay the foreclosure, and possibly even prevent it.  Because the options available vary based on individual circumstance, I would need to speak to you about your situation in further detail before I would be able to offer any further suggestions.  

  • February 17 2011
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