October 26, 2010

Nevada’s Support Statute For Spouses & Minor Children

The Nevada Legislature has enacted a very powerful statute designed to provide support to surviving spouses and minor children when the gross estate is less than […]
September 9, 2010

House Democrats Ask Fannie Mae to Suspend Lawsuits Against Underwater Borrowers

In a letter addressed to Treasury Secretary Timothy Geithner, several house Democrats requested that Fannie Mae suspend its new policy to bring deficiency judgment lawsuits against […]
August 17, 2010

Changes Ahead to FIRPTA

Before convening on its August break, the House of Representatives passed the Real Estate Jobs and Investment Act of 2010.  The bill advances the real estate […]
August 16, 2010

What is the Meeting of Creditors?

Between thirty (30) and forty (40) days after filing your bankruptcy petition, the randomly assigned Chapter 7 Trustee will hold a meeting of creditors.  During this […]
June 24, 2010

Equitable Subordination in Nevada

Nevada is a first-in-time recording state, which means that the lien recorded on real property first has priority over subsequently recorded liens.  Huntington v. Mila, Inc. […]
August 7, 2009

Income Tax Considerations Involved in a Short Sale or Foreclosure

If you borrow money from a commercial lender and the lender later cancels or forgives the debt, you may have to include the canceled amount as […]