Real Estate Laws in Nebraska.

Permits nonjudicial foreclosure of deeds of trust with power-of-sale provisions. Notice of default must be recorded; sale proceeds after a minimum 2-month period.

Traditional mortgages require judicial foreclosure. After confirmation of sale, a 9-month post-sale redemption period applies (for natural persons as borrowers), making judicial foreclosure significantly slower than nonjudicial trust-deed foreclosure.

Sellers of residential property (1–4 units) must provide a written Seller's Property Condition Disclosure Statement covering known defects in structure, systems, and property conditions before the buyer is obligated.

Contractors, subcontractors, laborers, and suppliers may file liens against improved real property. Filing deadline: 120 days from last furnishing (90 for residential protected parties).

Nebraska is a race-notice state: a subsequent bona fide purchaser for value without notice who records first prevails over an earlier unrecorded conveyance.

Homestead protects up to $120,000 of equity (increased from $60,000 by LB1195, 2024). Two-lot limit in city; 160 acres elsewhere.

Residential real property assessed at 100% of actual value. Agricultural land assessed at 75%. State-equalized valuation with local millage.