Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. A notice of default is a public notice filed with a court indicating that a borrower has ...

Maybe you lost your job or faced an unexpected emergency expense. Whatever the reason, you’ve fallen behind on your mortgage — and now there’s a notice of default on your door. But what is a notice of ...

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 ...