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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. If you ignore ...

3. UCC-1 financing statement - Wikipedia

   en.wikipedia.org/wiki/UCC-1_financing_statement

   A UCC-1 financing statement (an abbreviation for Uniform Commercial Code-1) is a United States legal form that a creditor files to give notice that it has or may have an interest in the personal property of a debtor (a person who owes a debt to the creditor as typically specified in the agreement creating the debt).

4. Trustee Sales Guarantee - Wikipedia

   en.wikipedia.org/wiki/Trustee_Sales_Guarantee

   The lender/private investor (the trustees) use a title company to issue the TSG, which give notice of the pending foreclosure. A Notice of Trustee's Sale notify homeowners and mortgage borrowers that their property will be sold at a trustee's sale on a specific date and at a specific location. The actual sale typically completes a non-judicial ...

5. Default (law) - Wikipedia

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

   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.

6. What happens if I default on an installment loan? - AOL

   www.aol.com/finance/happens-default-installment...

   Loan default happens when you regularly miss your monthly loan payments for an extended period of time. Depending on the loan type , this can be anywhere from one day to 270 days since the last ...

7. Event of default - Wikipedia

   en.wikipedia.org/wiki/Event_of_default

   For example, a contract may state that the recording of a lien against certain property is a default. If the default is left uncured after notice and the passage of time, it may ripen into an event of default, which creates in the non-defaulting party certain rights, such as acceleration of a debt or the right to exit a contract.