What is a notice of default or NOD?
A Notice of Default if a formal, written notification to the borrower sanctioned by the state of Texas. All lenders are required to deliver a Notice of Default to borrowers, and grant them a 20-day “cure” period to bring the mortgage back into good standing.
A Notice of Default is the first step in the foreclosure process.
A Notice of Default is the first step in the foreclosure process.
