To find foreclosure assistance in your area:

Nebraska Foreclosure Laws

Foreclosure Resources

Foreclosure Resources

Foreclosure Laws

UNITED STATES
FORECLOSURE LAWS

Foreclosure News

UNITED STATES
FORECLOSURE NEWS

Glossary of Terms

GLOSSARY
OF TERMS

To find foreclosure assistance enter
your Zipcode and click the button



Call Now! 1-800-365-9023
Foreclosure Resources

Nebraska Foreclosure Law SummaryNebraska Foreclosure Law Summary

Stop Nebraska Foreclosure

Nebraska Foreclosure Law - Stop Nebraska Foreclosure


Quick Facts

-  Judicial Foreclosure Available: Yes

-  Non-Judicial Foreclosure Available: No

-  Primary Security Instruments: Mortgage

-  Timeline: Typically 180 days

-  Right of Redemption: Yes

-  Deficiency Judgments Allowed: No

In Nebraska, lenders may foreclose on a mortgage in default by using the judicial foreclosure process.

Judicial Foreclosure

Generally, in judicial foreclosure, a court decrees the amount of the borrowers debt and gives him or her a short time to pay. If the borrower fails to pay within that time, the clerk of the court then advertises the property for sale.

In Nebraska, the court may order the entire property to be sold, or just some part of it. The order of sale may be delayed for up to nine (9) months after the judgment if the borrower files a written request for a delay with the clerk of the court within twenty (20) days after the judgment is rendered. Otherwise, the order commanding the sale of the mortgaged property will be given twenty (20) days after the judgment.

The borrower has the right to cure the default at any time while the suit is still pending by paying the delinquent amount owed on the mortgage, as well as any interest and costs that have accrued. However, the court may still enter a decree of foreclosure and sale, which may be enforced if the buyer goes into default on the mortgage again in the future.

The sheriff must give public notice of the time and place of the sale by:

1) posting the notice on the courthouse door; 2) posting the notice in at least five other public places in the county where the property is located; and 3) by advertising the property for sale once a week for a period of four (4) weeks in a newspaper published in the county where the property is located.

The court must confirm the sale after it takes place and once this is occurs, the borrower has no right of redemption.

More information on Nebraska foreclosure laws.

Main Pages

Resources

About Us

Contact Us