Notice of Trustee's Sale
(Commercial Foreclosure) (NV)

Summary

This template notice of trustee 's sale may be used to provide the statutorily required notice of a nonjudicial foreclosure sale in Nevada. This template contains practical guidance and drafting notes. Before commercial property in Nevada can be sold at a trustee 's sale, the trustee must prepare and record a notice of trustee 's sale setting forth the specific time and place of the sale. The notice must be posted in the place prescribed by statute and published in a local newspaper three times at weekly intervals prior to the foreclosure sale. In addition, the notice must be mailed by certified mail to the trustor and its successors in interest, to junior lienholders, to any other parties that may have recorded a request for notice, and to guarantors of the loan. See Nev. Rev. Stat. Ann. § 107.080 (4). The notice of sale can be recorded anytime after three months have elapsed from the recording of the notice of default and election to sell. See Nev. Rev. Stat. Ann. § 107.080 (2)(d). Because of the publication requirement, the minimum interval between the recording of the notice of sale and the date of the foreclosure sale is 21 days. See Nev. Rev. Stat. Ann. § 107.090. For further guidance see Commercial Foreclosure (NV) for a template notice of default and election to sell see Notice of Default and Election to Sell (Commercial Foreclosure) (NV).