The economic effects of COVID-19 are likely to cause many commercial mortgage loans to go into default. Under such circumstances, one of the first steps lenders and servicers will take will be to send ...
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What is a notice of default?
A notice of default is a public record stating that a borrower is in default on their loan. A lender or servicer files a default letter as the first step in the foreclosure process. If you ignore a ...
On or about September 20, 2004, Plaintiff Diane Milone (“Plaintiff” or “Borrower”), executed a $1,235,000 note (“Note”), which was secured by a mortgage (“Mortgage”) against a property in Staten ...
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