Nevada Order to Value Collateral Order to Avoid Lien (MTV) is a court order issued by a Nevada court that allows a creditor to have a neutral third-party appraise the value of a borrower’s collateral in order to determine the amount of recovery in the event of a default. This order is typically used in situations where the creditor does not have a security interest in the collateral, but wants to be able to recover a portion of their loan if the borrower defaults. It also avoids creating a lien on the property, which is beneficial for the borrower. There are two types of Nevada Order to Value Collateral Order to Avoid Lien: 1. Pre-default Order to Value Collateral: This type of order is usually entered before a loan defaults and requires the borrower to provide the creditor with a detailed appraisal of the collateral. The appraisal must be completed by a neutral third-party appraiser and must be detailed enough to provide a reasonable estimate of the collateral’s value. 2. Post-default Order to Value Collateral: This type of order is usually entered after a loan defaults and allows the creditor to obtain an appraisal of the collateral in order to determine the amount of their recovery. This order also allows the creditor to avoid creating a lien on the property, which is beneficial for the borrower.
Nevada Order To Value Collateral Order To Avoid Lien
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