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A notice of default is a notice that is sent to a person if he/she does not repay a debt within a given deadline. It may also be sent to a borrower if he/she does not pay a mortgage. In such a case, it may also state that the lender may seize the home. In some situations, even people who have a foreclosure may be given a notice of default. Given below are some of the important questions about the notice of default: What does a cancel notice default on foreclosure property mean?
When an active default is not active anymore, it may be called a cancel notice default. A notice of default is normally cancelled by the cancel notice default. This means that the loan may not be in default anymore. An institution had an invalid promissory note. They did not have a record of the assignment of the deed of trust with the county. Can they in such a scenario file a notice of default in the state of California?
The law of California may allow an institution to file a notice of default without providing proof of their ownership or giving the assignee a promissory note. If the borrower of the money thinks that the holder has a promissory note, he/she may enjoin the sale in the favor of the borrower. A person’s office condo got a notice of default. The date of foreclosure has been decided to be the end of the month. He/she got a letter from the LLC, Legally Yours stating that he/she may be able to lower his/her rate of interest by filing a lawsuit against the lender. However, they have also charged the person for an upfront fee of $3500 and then a monthly fee of $750. Can such an offer be considered to be a legitimate offer?
The firm Legally Yours, LLC which is located on 21308 Pathfinder Rod, Ste. 219 Diamond Bar, CA 91765 is a legitimate firm. Even the retainer fee that the company is charging may also be reasonable. A person has prepared and filed for the notice of default, notice for opportunity to cure and a notice of substitute trustee sale with the court. Can the person’s daughter represent him/her or should he/she hire an attorney?
In most situations, a person’s children may not be allowed to represent him/her in a case. It would either have to be the person itself or an attorney. Unless the children of the person have an adult guardianship over him/her they may not be allowed to represent him/her. Only a person who has a bar license may be able to represent him/her. How much time would the owner of a house have to satisfy a default when he/she gets a notice of default in the state of Illinois?
If the owner of the house is no less than 2 months behind on repayment, he/she may get a notice of default in the state of Illinois. Once he/she gets the notice, he/she may have a period of 90 days to satisfy it. The foreclosure may be held in two different ways in the state of Illinois: Consent foreclosure or judicial foreclosure. You may have many legal questions if you get a notice of default or want to file one against someone. It may not always be easy to find answers to these questions. You may ask a lawyer if you have any questions about the notice of default
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