Nevada  |  Real Estate Law

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1/18/11, 10:40 am

Legal Question

In Nevada, I had a home where the 1st and 2nd mortgages where secured by a deed of trust. The 1st foreclosed on the property and now the 2nd is asking for repayment. I was told that NV is a one action state and since the 1st foreclosed the 2nd cannot do anything else. Is this ture?


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