Definitions: N - Management & legal

notice of default

A notice of default is legal notification from the lender to a borrower that a loan default is pending. The notice of default will specify the terms necessary to remedy the situation as well as next steps in the foreclosure process if the default is not remedied by the borrower.

References - notice of default

See the following for additional notice of default information:

Service Professionals that can help with notice of default issues

Common projects involving notice of default

 


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