Why Las Vegas homeowners may benefit from the foreclosure “robo-signing” controversy

Las Vegas home foreclosures may be delayed afterall.  And if you’re facing foreclosure, you may get a bit of breathing room.

Nevada’s Attorney General Catherine Cortez Masto is requesting banks and mortgage lenders to extend their foreclosure moratorium to Nevada as well.  Despite the fact that Nevada is a “non-judicial foreclosure state” (discussed in a previous post here), AG Masto has expressed concern that proper safeguards may not have been in place throughout the mortgage lenders’ foreclosure processes.

The biggest concern is that many banks and mortgage lenders may not be able to produce evidence of ownership of the mortgage.  That is, they may not have the right to collect mortgage payments and in turn they may not have the right to foreclose on homeowners.

As a result, homeowners in Las Vegas and elsewhere are increasingly challenging banks and mortgage lenders to produce proper documentation.

If you have foreclosure questions about your Las Vegas home, please contact a Haines & Krieger attorney at 702-880-5554 to get your questions answered and figuring out what options are available to you.

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