Ever wondered about what the steps are in a typical foreclosure process? Here’s the quick rundown! Step 1. Delinquency – Pre Notice of Default (NOD) Normally, a borrower will need to be at least three months late on their mortgage payments for the foreclosure process to kickoff. After three months plus, a lender will issue [...]
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Posted in Education
Tagged foreclosure, mortgage, notice of default, short sale, short sales
Tagged foreclosure, mortgage, notice of default, short sale, short sales
