BROUGHT TO YOU BY KIM DUCLOS OF COLDWELL BANKER WARDLEYReal Estate Agents that represent buyers who are purchasing homes through foreclosure auctions should be aware that effective July 1, 2009, Assembly Bill 452 has taken affect. It will change NRS 40.255. Attached is the bill: http://www.leg.state.nv.us/75th2009/Bills/AB/AB452.pdf#xml=http://search.leg.state.nv.us/isysquery/irleb65/1/hilite
This gives tenants of foreclosed properties an additional 60-days or more to vacate the property from the date of the "notice of the change of ownership" is received by the tenant. If you represent buyers who plan to move into these properties, you should make sure the property that was foreclosed on has already been vacated by tenants and the current owner has served the proper notices to the appropriate parties.
Please call me with all of your real estate questions or concerns. (888) 949-2890
Kim Duclos Coldwell Banker Wardley - http://www.callkim.net/
