Yes. A Not ice of Default is an important warning that your mortgage loan is in default, but it does not mean you have lost ownership of your home. In California, homeowners generally remain the legal owners of their property after a Notice of Default is recorded.

Because you still own the property, you may be able to sell it before the foreclosure process advances further.  In many situations, selling the home can provide enough funds to pay off the mortgage, stop the foreclosure process, and potentially preserve valuable equity.

The earlier a homeowner begins exploring options, the more flexibility they often have.  Waiting too long can reduce available choices and increase the risk of the property moving closer to a foreclosure auction.

If you have received a Notice of Default, now may be the ideal time to understand your options and determine whether selling the property makes sense for your situation.