What does notice of default mean?
Definitions for notice of default
no·tice of de·fault
This dictionary definitions page includes all the possible meanings, example usage and translations of the word notice of default.
Wikipedia
Notice of default
A notice of default is a notification given to a borrower stating that he or she has not made their payments 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. It dictates that if the money owed (plus an additional legal fee), or other breach(es) are not paid/remedied in a given time, the lender may choose to foreclose the borrower's property. Any other people who may be affected by the foreclosure may also receive a copy of the notification.
Numerology
Chaldean Numerology
The numerical value of notice of default in Chaldean Numerology is: 8
Pythagorean Numerology
The numerical value of notice of default in Pythagorean Numerology is: 3
Examples of notice of default in a Sentence
It is difficult to assess whether the notice of default represents a splintering of the rumored agreements over the past several weeks, or if the holders are just preserving their rights to litigate in sync with the efforts currently underway by the second lien debt.
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"notice of default." Definitions.net. STANDS4 LLC, 2024. Web. 28 Apr. 2024. <https://www.definitions.net/definition/notice+of+default>.
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