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Posted On: October 11, 2010 by Scott Sagaria

Why Would I Get a a Foreclosure Notice?

http://www.sanfranciscobankruptcyattorneyblog.com/2010/09/a_san_francisco_bankruptcy_att_9.htmlA San Francisco bankruptcy attorney observes commonly asked questions on foreclosure notices.

Borrowers receive foreclosure notices when mortgage payments are not made on time. It is rare to get a foreclosure notice after one or two missed payments, but for those borrowers who are severely delinquent, foreclosure notices are common. Generally the lender will first provide a notice of default to the borrower and provide them with an opportunity to repay the delinquent amount. If the default is not cured the lender will proceed with the foreclosure process.

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Posted In: Foreclosure

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