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Notice of Default
Updated
January 19, 2023
A notice of default is a public notification issued by a court that declares that a mortgage borrower defaults on a loan. When a borrower falls behind on their mortgage payments, the lender may submit a notice of default. Notices of default often include:
- The borrower's and lender's names and addresses.
- The legal address of the property.
- The reason for the default.
- Other applicable information.
A notice of default is sometimes seen as the initial step toward foreclosure.
