Definition: Start of the foreclosure process. This notice is usually recorded, Mailed, and Posted on the subject home with Blue Tape. The 35-day reinstatement period Starts. On the 36th day the redemption period begins. No Partial Payment will be accepted by most lenders once the notice of default is filed. The full amount to bring the account current will be needed. (Click Here to download our PDF explaining the 8 ways to Prevent a foreclosure.
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