If you’ve been issued a Notice of Default and Election to Sell (NOD) in regards to your home, it’s highly advised that you act quickly in order to participate in the Nevada Foreclosure Mediation Program. Why? Most homeowners in a tough financial situation want to avoid foreclosure at all costs. By electing in this program, Nevada homeowners have a chance to do just that. A foreclosure mediation essentially gives the homeowner or “borrower” and the lender a chance to present different options of settling the mortgage payments as a means of avoiding the foreclosure altogether. A mediator is assigned to.