Is there a statute of limitation in the state Nevada for home loans?

In the state of Nevada, the statute of limitations for home loans is six years from the date of default. This means that the lender has six years from the date the borrower misses a payment or otherwise breaches the terms of the loan to foreclose on the property. If the lender does not file a lawsuit to foreclose within this six-year period, the borrower may be able to keep the property.

There are some exceptions to this general rule. For example, the statute of limitations may be extended if the borrower makes a partial payment on the loan or if the lender agrees to extend the statute of limitations. Additionally, the statute of limitations may be tolled (paused) if the borrower is in bankruptcy or if the lender is unable to locate the borrower.