1. All sales of real property of a protected minor must be confirmed by the court pursuant to NRS 159A.146 before escrow closes for the sale and title to the real property passes to the purchaser. 2. A petition for confirmation of the sale must be filed with the court not later than 30 days […]
If the guardian neglects or refuses to sell any real property of the estate when it is necessary or in the best interests of the protected minor, an interested person may petition the court for an order requiring the guardian to sell the property. The court shall set the petition for a hearing, and the […]
If real property of the estate of a protected minor is sold that is subject to a mortgage or other lien which is a valid claim against the estate, the money from the sale must be applied in the following order: 1. To pay the necessary expenses of the sale. 2. To satisfy the mortgage […]
At a sale of real property that is subject to a mortgage or lien, the holder of the mortgage or lien may become the purchaser. The receipt for the amount owed to the holder from the proceeds of the sale is a payment pro tanto. (Added to NRS by 2017, 846)
1. In the manner required by this chapter for the sale of like property, a guardian may sell: (a) The equity of the estate in any real property that is subject to a mortgage or lien; and (b) The property that is subject to the mortgage or lien. 2. If a claim has been filed […]
1. After the court has granted authority to sell real property of a protected minor, a guardian may enter into a written contract with any bona fide agent, broker or multiple agents or brokers to secure a purchaser for such property. Such a contract may grant an exclusive right to sell the property to the […]
1. Except as otherwise provided in subsection 10 of NRS 159A.146, if a contract of sale to purchase real property of a guardianship estate is presented to the court for confirmation: (a) Other persons may submit higher bids in open court; and (b) The court may confirm the highest bid. 2. Upon confirmation of a […]
1. If a protected minor owns real property jointly with one or more other persons, after the court grants authority to sell the property, the interest owned by the protected minor may be sold to one or more joint owners of the property only if: (a) All joint owners of the property have been given […]
1. Except as otherwise provided in this section and except for a sale pursuant to NRS 159A.123 or 159A.142, a guardian may sell the real property of a protected minor only after the court grants authority for the sale pursuant to NRS 159A.113 and notice of the sale is published: (a) In a newspaper that […]
1. Except for the sale of real property pursuant to NRS 159A.123 or 159A.142, a sale of real property of a guardianship estate: (a) Must not occur before the date stated in the notice. (b) Except as otherwise provided in this paragraph, must not occur sooner than 14 days after the date of the first […]
1. Except as otherwise provided in subsection 2, the court shall not confirm a sale of real property of a guardianship estate unless: (a) The court is satisfied that the amount offered represents the fair market value of the property to be sold; and (b) Except for a sale of real property pursuant to NRS […]
1. At the hearing to confirm the sale of real property, the court shall: (a) Consider whether the sale is necessary or in the best interest of the estate of the protected minor; and (b) Examine the return on the investment and the evidence submitted in relation to the sale. 2. The court shall confirm […]
1. If the court confirms a sale of real property of a guardianship estate, the guardian shall execute a conveyance of the property to the purchaser. 2. The conveyance must include a reference to the court order confirming the sale, and a certified copy of the court order must be recorded in the office of […]
1. If a sale of real property is made upon credit, the guardian shall take: (a) The note or notes of the purchaser for the unpaid portion of the sale; and (b) A mortgage on the property to secure the payment of the notes. 2. The mortgage may contain a provision for release of any […]
1. After confirmation of the sale of real property, if the purchaser neglects or refuses to comply with the terms of the sale, the court may set aside the order of confirmation and order the property to be resold: (a) On motion of the guardian; and (b) After notice is given to the purchaser. 2. […]
A guardian who fraudulently sells any real property of a protected minor in a manner inconsistent with the provisions of this chapter is liable for double the value of the property sold, as liquidated damages, to be recovered in an action by or on behalf of the protected minor. (Added to NRS by 2017, 850)
The periods of limitation prescribed in NRS 11.260 apply to all actions: 1. For the recovery of real property sold by a guardian in accordance with the provisions of this chapter; and 2. To set aside a sale of real property. (Added to NRS by 2017, 850)
