Foreclosure Help · 6 min read
Notice of Default Next Steps Guide
Receiving a Notice of Default can be overwhelming, but you still have options. This guide explains what a Notice of Default means and walks you through the immediate steps you should take to protect yourself and your family.
Key Takeaways
- A Notice of Default marks the official start of the foreclosure process
- You typically have a 90-day reinstatement period to bring your loan current
- Gather your documents and contact your lender immediately — do not wait
What a Notice of Default Means
A Notice of Default (NOD) is a public record filed by your lender when you have fallen behind on mortgage payments. In California, it typically marks the official start of the non-judicial foreclosure process. You generally have a 90-day reinstatement period during which you can bring your loan current and stop the foreclosure.
Your 90-Day Window
Your 90-Day Window
The reinstatement period is your window to act. During these 90 days, you have the right to bring your loan current by paying all past-due amounts, including fees and costs. Don't wait to reach out for help — this window closes.
Next Steps to Take Immediately
- 1
Read the Notice Carefully
Review the Notice of Default for accuracy, including the amount owed and the timeline. Make note of key dates.
- 2
Contact Your Lender
Call your lender's loss mitigation department right away. Ask about loan modification, forbearance, or repayment plan options.
- 3
Gather Your Documents
Collect income statements, bank statements, tax returns, mortgage documents, and a written explanation of your hardship.
- 4
Understand Your Reinstatement Rights
During the reinstatement period, you have the right to bring your loan current by paying all past-due amounts, including fees and costs.
- 5
Explore Selling Your Home
If keeping the home is not feasible, selling before the auction may help you preserve your equity and avoid a foreclosure on your record.
- 6
Get Professional Guidance
Speak with a real estate professional who understands foreclosure timelines and can help you evaluate your options.
Documents to Gather
- Mortgage statement and loan documents
- Notice of Default letter
- Recent pay stubs or income documentation
- Bank statements (last 2-3 months)
- Tax returns (last 2 years)
- Monthly expense breakdown
- Written hardship explanation
- Any correspondence from your lender
Important Note
This guide is for educational purposes only and does not constitute legal advice. The Notice of Default process involves specific legal timelines and rights. The Barksdale Group recommends consulting with a qualified attorney or housing counselor for guidance specific to your situation.
Want the Complete Foreclosure Options Guide?
Continue learning with Robert Barksdale’s free California Foreclosure Options Guide. If your situation is time-sensitive, you can also call Robert directly.