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The default judgment is the relief requested in the party's original petition. [1] Default can be compared to a forfeit victory in sports. In a civil trial involving damages, a default judgment will enter the amount of damages pleaded in the original complaint. If proof of damages is required, the court may schedule another hearing on that issue.
A notice of default is a public notice filed with a court or local recording office to begin the process of foreclosure. A mortgage lender or servicer can file this notice after four months (120 ...
In law, a default is the failure to do something required by law or to comply with a contractual obligation. Legal obligations can arise when a response or appearance is required in legal proceedings, after taking out a loan , or as agreed in a contract ; failure to carry them out puts one in defaults of the obligations.
The latest civil complaint, filed Monday in state District Court by a Florida-based company acting on behalf of an "original lender," seeks to foreclose on multiple Santa Fe properties it says ...
In response, a slight majority of U.S. states have adopted nonjudicial foreclosure procedures in which the mortgagee (or more commonly the mortgagee's servicer's attorney, designated agent, or trustee) gives the debtor a notice of default (NOD) and the mortgagee's intent to sell the real property in a form prescribed by state statute; the NOD ...
Pursuant to the state constitution, the Colorado General Assembly has enacted various laws. The bills and concurrent resolutions passed by a particular General Assembly session, together with those resolutions and memorials designated for printing by the House of Representatives and the Senate, are contained in the Session Laws of Colorado. [1]
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