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Final Notice of Default for Past Due Payments in Connection with Contract for Deed Alabama Form

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Final Notice of Default for Past Due Payments in Connection with Contract for Deed Alabama Form

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hey guys today we are going to talk about the notice of default but before we dive in let's unpack a little bit in north carolina when you buy a home that is secured by a mortgage your lender is the beneficiary to your deed of trust so what your lynda does when you don't make those payments as promised they reach out to the trustee which is an attorney or a middleman and that person initiates the foreclosure process it is also the first step in the foreclosure process and it must be done 30 days in advance of step 2 which is your notice of hearing the notice of default will one layout what's owed on the property and two disclose what the daily interest is that's being charged on the loan this is the lender's way of giving you an at a glance look at what's old what the charges are that way you can

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