A "Notice of Default" (N.O.D.) is the first step in the foreclosure process. An N.O.D. is given to borrowers who have failed to make their payments by a predetermined deadline set by the lender. The N.O.D. states that if the money owed is not paid by a certain date, that the lender can pursue foreclosure proceedings.
visitors since 11/17/2008
Scott Engle Realty Source Ph: 619-258-1000 Ext.5 - Fax: 619-342-2620
365 Broadway Suite 201
El Cajon, CA 92021 www.scottengle.com
