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2. What is a notice of default? - AOL

   www.aol.com/finance/notice-default-200058388.html

   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.

3. Default (law) - Wikipedia

   en.wikipedia.org/wiki/Default_(law)

   A notice of default is a notification given to a borrower stating that a payment has not been made by the predetermined deadline, or is otherwise in default on the mortgage contract. Other ways a borrower may be in default include not providing proper insurance coverage for the property, or not paying due property taxes as agreed.

4. Estoppel certificate - Wikipedia

   en.wikipedia.org/wiki/Estoppel_certificate

   An Estoppel Certificate (or Estoppel Letter) is a document commonly used in due diligence in real estate and mortgage activities. It is based on estoppel, the legal principle that prevents or estops someone from claiming a change in the agreement later on. [1] It is used in a variety of countries for commercial and residential transactions.

5. Foreclosure - Wikipedia

   en.wikipedia.org/wiki/Foreclosure

   The notice of acceleration is called a Demand and/or Breach Letter. In the letter it informs the Borrower(s) that they have 10 or 30 days from the date on the letter to reinstate their loan. Demand/Breach letters are sent out by Certified and Regular mail to all notable addresses of the Borrower(s).

6. Foreclosure suit targets properties owned by Santa Fe real ...

   www.aol.com/news/foreclosure-suit-targets...

   The lawsuit also asks the court to reduce the "redemption period" — typically a time following a foreclosure during which the debtor/owner can pay to cure the default on the loan — to one month.

7. Default (finance) - Wikipedia

   en.wikipedia.org/wiki/Default_(finance)

   When a debtor chooses to default on a loan, despite being able to service it (make payments), this is said to be a strategic default. This is most commonly done for nonrecourse loans , where the creditor cannot make other claims on the debtor; a common example is a situation of negative equity on a mortgage loan in common law jurisdictions such ...