Surplus funds in Nevada: the rules, straight.
We recover foreclosure surplus, tax sale overages, and vehicle/boat/RV repossession surplus here.
Foreclosure / mortgage surplus
We work these under a direct service agreement with you — state law restricts assignments here, and we honor that.
Trustee/sale officer holds (NRS 40.462/107 form DOT); pays juniors then debtor. Demand; interpleader if conflict. Recovery K: notarized, ≥30 days post-sale.
Deadline: Recovery agreements void if signed <30 days after sale (NRS 40.463(2)(b)).
NRS 40.462(2)(d) surplus to debtor. NRS 40.463: written+notarized; fee >$2,500 excl. atty fees presumed unreasonable unless court approves. No % cap. Not a non-attorney bar.
Tax sale overages
Yes — we recover this here. State law caps recovery fees, and our software enforces the cap on every agreement.
County treasurer holds; written claim w/in 1 yr of deed (NRS 361.610). Clark: notarized form. Decision 30 days after 1-yr window; disputes → mediation then interpleader.
Deadline: 1 year after treasurer's deed recorded; then county GF, not refundable (NRS 361.610(4)).
NRS 361.610 (AB 133 2025): county keeps first $300 + 10% of next $10k. Recovery/assignment fees ≤10% (any natural person). Surplus returned pre-Tyler; 1-yr keep is Tyler risk. No redemption prerequisite.
Courtroom requirement: Process here varies enough that we route files through counsel review — included in the same contingency deal.
If nobody claims it: Tax: 1 yr after deed → county GF (5% to treas. tech acct NRS 249.095); not refundable. Mortgage unclaimed → UP. Post-escheat: 24-mo bar then 10% (<5y)/20% (≥5y) (NRS 120A.740).
Cars, boats & RVs in Nevada: Vehicle/boat/RV repo surplus: UCC § 9-615(d) obliges the LENDER to return the surplus; § 9-616 explanation on request; § 9-625(c)(2) statutory damages for noncompliance. Demand-letter work against the secured party — no county, no state surplus-fee cap in this table.
This page summarizes public statutes for general information — it is not legal advice, rules change, and unverified items are confirmed by our desk (and counsel where needed) before any agreement is papered. Primary source: https://www.leg.state.nv.us/NRS/NRS-040.html#NRS040Sec462 · https://www.leg.state.nv.us/NRS/NRS-040.html#NRS040Sec463
Think Nevada is holding your money?
Five minutes, zero cost. We verify the record and tell you the truth about what's there — including when the answer is nothing.