148.160 - Sale of equity of estate in property: Procedure. - Nevada Statutes

148.160  Sale of equity of estate in property: Procedure.

      1.  A personal representative may sell the equity of the estate in any property which is subject to a mortgage or lien and sell the property subject to the mortgage or lien, upon such proceedings as are prescribed in this chapter for the sale of like property.

      2.  If a claim has been filed upon the debt secured by the mortgage or lien, no such sale may be confirmed unless the holder of the claim, by a signed and acknowledged instrument filed in the matter of the estate, releases the estate from all liability upon the claim.

      [150:107:1941; 1931 NCL § 9882.150]—(NRS A 1999, 2318)