Nevada  |  Real Estate Law

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5/15/11, 4:22 pm

Legal Question

I live in Nevada and own a home with a principal loan balance of $300K. Current value is $144K. The loan is a HELOC with a variable rate. I have other assets totaling 1M plus. I would like to 'walk away from this loan'. I am unconcerned with a credit rating, I just do not want my other assets attached. Is this possible in the state of Nevada?


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