A notice of default is a public record stating that a borrower is in default on their loan. A lender or servicer files a ...

A mortgage goes into default when the borrower is unable to ... You will likely receive a letter or phone call from your mortgage company after your first missed payment. If you know you are ...

While it may not always be in a lender’s best interest to initiate a foreclosure against a borrower in default for a non-monetary term of the loan, it is nonetheless an option which remains available ...

One sort of borrower is a great deal more likely to default than the other sort — and, as we learned a few years back, mortgage default can, under certain circumstances, turn out to be everybody ...