{"data":{"id":"us-nv/nrs-40.429","jurisdiction":"us-nv","citation":"NRS 40.429","heading":"Sale in lieu of a foreclosure sale” defined.","body":"“Sale in lieu of a foreclosure sale” means a sale of real property pursuant to an agreement between a person to whom an obligation secured by a mortgage or other lien on real property is owed and the debtor of that obligation in which the sales price of the real property is insufficient to pay the full outstanding balance of the obligation and the costs of the sale. The term includes, without limitation, a deed in lieu of a foreclosure sale.","path":["TITLE 3 — REMEDIES; SPECIAL ACTIONS AND PROCEEDINGS","CHAPTER 40 - ACTIONS AND PROCEEDINGS IN PARTICULAR CASES CONCERNING PROPERTY","DEBT SECURED BY MORTGAGE OR OTHER LIEN","Actions for Foreclosure of Real Mortgages"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-040.html#NRS040Sec429","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:30Z","sha256":"d4a5e86c2d8f6ae83ca4b594c5e03cf148d6b28d66e2f324f64638262e685847","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-40.428","next":"us-nv/nrs-40.430"},"notice":"GroundRules: Original legal text. Not legal advice."}