Nevada Supreme Court considers mortgage default collections.

Article by Eli Segall, Vegas Inc.

October 1, 2012

Nevada’s highest court today examined a law that limits how much money real estate investors can collect from troubled mortgage borrowers and their backers.

Attorneys presented oral arguments before the state Supreme Court in a trio of cases dealing with Assembly Bill 273. The lawyers focused on the law’s intent and whether it could apply retroactively to foreclosures and loan defaults that took place before Gov. Brian Sandoval signed the bill in June 2011. …..Read More