What does Notice of default Mean?

A notice to a borrower with property as security under a mortgage or deed of trust that he/she is delinquent in payments. If the delinquency (money owed and late), plus costs of preparing the legal papers for the default, are not paid within a certain time, foreclosure proceedings may be commenced. Other people with funds secured by the same property are usually entitled to receive copies of the notice of default.

If you are Are behind on your mortgage payments or have an adjustable rate mortgage ARM that has changed or will change soon, the government has programs that may be able to allow us to help you save your home.

Through Home Loan Modification, we will negotiate with your lender to lower your monthly payment and interest rate, keep you in your home, save your credit.

This is not a short sale. It is not a bankruptcy, we can save your home!

Call Today for a FREE consultation. 1-800-718-7087
KERRY STEIGERWALT’S PACIFIC LAW CENTER
San Diego Home Loan Modification Lawyer

Tags: debt, default, home, interest, lawyer, loan, modification, payments, terms