If you’re struggling to make credit or loan repayments, you may be at risk of defaulting on your credit agreement. However, before a default can be registered against you, creditors have to send you a ...
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What is a notice of default?
A notice of default is a public record stating that a borrower is in default on their loan. A lender or servicer files a default letter as the first step in the foreclosure process. If you ignore a ...
Maybe you lost your job or faced an unexpected emergency expense. Whatever the reason, you’ve fallen behind on your mortgage — and now there’s a notice of default on your door. But what is a notice of ...
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