Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE13 GUARDIANSHIPS; CONSERVATORSHIPS; TRUSTS |
CHAPTER159. Guardianships |
TRANSACTIONS INVOLVING REAL AND PERSONAL PROPERTY |
Sale of Real Property |
NRS159.138. Sale of equity of estate in real property of ward that is subject to mortgage or lien and of property that is subject to mortgage or lien.
Latest version.
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1. In the manner required by this chapter for the sale of like property, a guardian may sell:
(a) The equity of the estate in any real property that is subject to a mortgage or lien; and
(b) The property that is subject to the mortgage or lien.
2. If a claim has been filed upon the debt secured by the mortgage or lien, the court shall not confirm the sale unless the holder of the claim files a signed and acknowledged document which releases the estate from all liability upon the claim.
(Added to NRS by 2003, 1760)