I am a California bankruptcy law attorney. My question pertains to a similarity between California bankruptcy law and Nevada bankruptcy law. My understanding of CA law is that a purchase money second trust deed holder may not seek a deficiency judgment in a situation where the first trust deed holder has conducted a non-judicial foreclosure on the real property collateral.
My question is: does the law in the state of Nevada also provide that a purchase money second trust deed holder may not recover a monetary deficiency following foreclosure on the real property collateral by the first trust deed holder?
My question is: does the law in the state of Nevada also provide that a purchase money second trust deed holder may not recover a monetary deficiency following foreclosure on the real property collateral by the first trust deed holder?
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