Nullified Foreclosures

A MESSAGE FROM WASHOE COUNTY FORECLOSURE ADVOCATE WALTER TRAUTH

In the 36 months between March 2009 and March 2012, over 10,500 Trustee’s Deeds were issued in Washoe County alone. Based solely on population there were 4 or 5 times as many issued in Clark County in that same period. For those of you fortunate enough to find the jargon unfamiliar, a Trustee’s Deed is what is issued when a property is sold at a foreclosure auction.

When there are forty or fifty thousand completed foreclosures in Nevada in such a turbulent three-year period, the result is a lot of unhappy people, a lot of unhappy voters. And it comprises the single largest unaddressed voting block in the state. By and large these families have been–and continue to be–cast aside with no information, resources, or support.

NULLIFYING YOUR FORECLOSURE

You probably know that over the past few years a growing number of foreclosures have been stopped for reasons of invalid, false, or fraudulent activity by the lenders. What you may not know is that a small but growing number of foreclosures are being nullified due to those same reasons. By “nullified” I mean that the foreclosure is found in court to be invalid, and ownership is restored to the person who was foreclosed. This has happened even when the property had been sold at a foreclosure auction and was in the possession of a new owner.

Nullification hasn’t happened yet in Nevada, but I believe it’s coming. It can be accomplished at little or no cost.

If you have lost your home to foreclosure, or are about to, and want to know more about this and how it may benefit you, please email me at walttrauth[at]gmail.com.

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