Legal Alert - Nevada Supreme Court Clarifies Notice Requirements for Trustee's Sale
by Nathan Kanute and Bob Olson
In JED Property, LLC v. Coastline RE Holdings NV Corp., 131 Nev. Adv. Op. 11 (Mar. 5, 2015) the Nevada Supreme Court was presented with an appeal from an order granting summary judgment in favor of Coastline. Coastline held a security interest in property owned by JED, which it had foreclosed. When Coastline later filed a civil action, JED asserted counterclaims for, among other things, wrongful foreclosure. JED argued that Coastline improperly foreclosed because it held a sale after orally postponing the sale three times and failing to re-notice the sale.