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Nevada Law Controls Mortgage And Escrow Professionals

Posted on February 11, 2015 By Jay Young No Comments on Nevada Law Controls Mortgage And Escrow Professionals

Diagnosis: Predatory Lending Much has been said and written about abuses in the Mortgage and Escrow industries here in Nevada and elsewhere.  In an effort to police these professionals, Nevada’s legislature passed laws governing their actions.  This article summarizes these changes in Nevada law. Punishments Any person who engages in the escrow, mortgage broker agent,…

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Talking About Foreclosure Law:  Protection for Tenants When the Landlord is in Foreclosure

Posted on February 11, 2015 By Jay Young No Comments on Talking About Foreclosure Law:  Protection for Tenants When the Landlord is in Foreclosure

Renters Become Victims of Foreclosures

Many innocent renters have been victimized by foreclosures in Nevada.  The scam goes like this:  A Borrower who intends to default on his mortgage payments moves out of the home and rents it to a Tenant, who pays the usual deposits and rent.  While Tenant is dutifully paying rent, Borrower/landlord pockets that money instead of passing it on to the lender.  Borrower did not, of course, inform the Tenant of the impending default or of the eventual foreclosure.  Once the house is foreclosed on, Tenant is suddenly faced with a new landlord who wants the Tenant out of the house and Tenant does not get credit for his deposits, etc.

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Jay Young | Retired Las Vegas, Nevada Judge | Mediator | Arbitrator | Special Master
Jay Young

Hon. Jay Young (Ret.) is a retired judicial officer with decades of experience presiding over complex civil litigation matters. Following a distinguished career on the bench, Judge Young now serves as a mediator, arbitrator, and court‑appointed special master, and discovery referee.  Judge Young brings a disciplined, impartial, and results‑oriented approach to dispute resolution. Judge Young is based in Nevada and accepts appointments statewide and nationally, subject to agreement or court order. He can be reached at 855.777.4557 or info@armadr.com

Known for judicial temperament, analytical rigor, and practical problem‑solving, Judge Young assists litigants and counsel in resolving high‑stakes disputes efficiently and with integrity and employing best practices. He is recognized by U.S. News and World Report’s publication Best Lawyers as Arbitration Lawyer of the Year.

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