Below, we will explain how to understand the information contained within this notice and the steps you should take if/when you receive one. Once you've received a notice of default you’ll want to act quickly to take advantage of options available to you. Through foreclosure proceedings, a mortgage company can eventually take ownership of your property and sell it. This is your mortgage lender’s way of telling you that you have one last chance to address overdue mortgage payments before your lender will foreclose on your home. If you've received a notice of default you shouldn't ignore it. If You Want To Avoid Foreclosure but Can’t Keep Your Home.If You Want To Avoid Foreclosure and Keep Your Home.
Information That Will Be in the Notice of Default.
