A Nevada deed of trust is a legal instrument where a borrower transfers their property title to a trustee as security for a loan. The borrower remains in possession of the residence as they make payments to the lender, and is reconveyed the title once the debt is satisfied. Following a default, the trustee may enforce their “power of sale” and foreclose the property without court judgement.
A Nevada deed of trust is a legal instrument where a borrower transfers their property title to a trustee as security for a loan. The borrower remains in possession of the residence as they make payments to the lender, and is reconveyed the title once the debt is satisfied. Following a default, the trustee may enforce their “power of sale” and foreclose the property without court judgement.
Deeds require the grantor’s notarized signature before recording.[1] Once signed, the deed must be recorded with the County Recorder of the transferred property’s jurisdiction.[2]
Documents will be accepted for recording only if they meet the following guidelines[3]:
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