A Notice of Default (NOD) is one of the first formal steps in California's foreclosure process.  It is typically recorded when a homeowner has fallen behind on mortgage payments and the lender has not received payment for an extended period of time.

Receiving a Notice of Default does not mean you have lost your home.  It serves as a warning that the loan is in default and that action is needed to avoid further foreclosure proceedings.

Many homeowners still have options after receiving a Notice of Default, including loan modification, repayment plans, reinstating the loan, selling the property, or exploring other foreclosure alternatives.  The key is to act quickly and understand your options before the foreclosure process moves forward.

If you have received a Notice of Default, Default Remedy can help you understand your situation and explore possible solutions before it's too late.