6-Year Foreclosure Statute No Longer Applies In Nevada, Judge Holds

Mealey's (June 6, 2018, 2:18 PM EDT) -- LAS VEGAS — After finding that the Nevada Supreme Court rejected the argument that a lender cannot foreclose on a property after six years has passed since the borrower ceased making payment, a Nevada federal judge on June 4 dismissed an action filed by borrowers seeking to enjoin foreclosure of their property after eight years of nonpayment on their loan (Douglas Stacey, et al. v. Carrington Mortgage Service, LLC, et al., No. 2:17-cv-02128, D. Nev., 2018 U.S. Dist. LEXIS 93277)....