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Notice of Default

Notice of Default

A Notice of Default is a formal step in the foreclosure process. If a borrower misses enough payments on his or her mortgage to default and the lender's representatives made a Declaration of Default, a Notice of Default can be filed. A Notice of Default is a public record that is filed with the County Recorder's Office where the property is located. If a borrower does not work out a solution with the lender, foreclosure will proceed and the home can be auctioned off to pay the lender.

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