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DDDGG · 08-19-2008, 02:59 PM

Is a Notice of Intent to Foreclose the same as a Notice of Default?

I rec'd first Notice of Intent to Foreclose when I was 2 months behind on my 2nd HELOC payments.

I recently rec'd another Intent to Foreclose as I am now 5 months behind on this 2nd HELOC, however, the form letter language is much stronger and text much lengthier. This old form letter (one of the signers doesn't even work there anymore) gives me 10 days to cure the default or they will accelerate the mortgage debt due immediately and foreclosure proceedings may be initiated.

Thanks & Regards

08-19-2008, 02:59 PM	#2 (permalink)
DDDGG Member Join Date: Aug 2008 Posts: 5 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: California Foreclosure Law Is a Notice of Intent to Foreclose the same as a Notice of Default? I rec'd first Notice of Intent to Foreclose when I was 2 months behind on my 2nd HELOC payments. I recently rec'd another Intent to Foreclose as I am now 5 months behind on this 2nd HELOC, however, the form letter language is much stronger and text much lengthier. This old form letter (one of the signers doesn't even work there anymore) gives me 10 days to cure the default or they will accelerate the mortgage debt due immediately and foreclosure proceedings may be initiated. Thanks & Regards