The personal representative who has limited authority or full authority has the power to accept a deed to property which is subject to a mortgage or deed of trust in lieu of foreclosure of the mortgage or sale under the deed of trust.
NRS 143.650
Acceptance of deed or deed of trust in lieu of foreclosure or trustee’s sale
Known as the Independent Administration of Estates Act
The act spans §§ 143–143 (99 sections).
(Added to NRS by 2011, 1447)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.