The Nebraska Foreclosure Law permits only judicial foreclosures to be enforced in the State. The mortgage agreement will be treated as the primary security instrument for all court proceedings.
- Once a judicial foreclosure is filed in the Court, the borrower will be given a short time interval to pay the remaining debt amount failing to which the property owned by such borrower will be decreed and put for sale by the court clerk.
- The time period taken for completing a foreclosure in the State is usually less than 180 days including the proceedings and time allowed for notice and sale of property.
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