Nebraska Foreclosure Law

Facts:

Judicial Foreclosure Available:     Yes

Non-Judicial Foreclosure Available:       No

Primary Security Instruments:      Mortgage

Timeline:     Approximately 180 days

Right of Redemption:       Yes

Deficiency Judgments Allowed:       No

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Quick Summary:

In Nebraska, lenders may foreclose on mortgages in default using a judicial foreclosure process. 

 

The foreclosure timeline in Nebraska is approximately 180 days from the time you miss your first payment until a Notice of Default or Notice of Sale is issued to your actual foreclosure date and sale.

Nebraska borrowers have the right of redemption but are not allowed deficiency judgments.

For more information on Nebraska Foreclosure laws and regulations visit  http://www.ncsl.org/public/leglinks.cfm and click on your state.

Or Contact:

Nebraska's Attorney General's Office
2115 State Capitol
P.O. Box 98920
Lincoln, NE 68509-8920
Ph: (402) 471-2682
Fax: (402) 471-3297