163.360 - Foreclosure; bidding in property. - Nevada Statutes

163.360  Foreclosure; bidding in property.  A fiduciary may:

      1.  Foreclose, as an incident to the collection of any bond, note or other obligation, any mortgage, deed of trust or other lien securing such bond, note or other obligation;

      2.  Bid in the property at such foreclosure sale, or acquire the property by deed from the mortgagor or obligor without foreclosure; and

      3.  Retain the property so bid in or taken over without foreclosure.

      (Added to NRS by 1969, 453)