InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Speaking Schedule Store Foreclosure Codes 50 State Resource Data Foreclosure Glossary Foreclosure Statistics 60+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: NOD Posted by Damien Melle on August 02, 2003 at 11:43 PM In Reply to: Re: NOD posted by Ward-CA- on August 02, 2003 at 11:36 PM : : Ward, : : How long does the NOD last before it expires. For example if brw is on payment plan or has agrees to postponed F/C at what point would a new NOD need to be filed. : : From my understanding, if the lender takes payments on a payment plan, should the brw default would a new NOD need to be filed? : : Thanks : : Damien : -=-=-=-=-=-=- : Damien, : I wasn't aware that an NOD (notice of default) had a shelf life. It won't expire unless the trustee conducting the foreclosure actively rescinds it. Ward, Correct, I had the same thinking, unless a REC of NOD was filed, its still active. So then I guess my question is, I already know you can file a NOD after the initial grace period of default, but what happens if you are set on a payment plan? I was always under the understanding that the NOD had to be refiled if you broke the plan. The reason I think this way was, having had worked for major lended in the foreclosure dept. this was always the rule we followed, but I need to know was this company policy or law.. Thanks Damien Follow Ups: Re: NOD Rick Harmon 7:51 AM, 08/03/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : : Ward, : : : How long does the NOD last before it expires. For example if brw is on payment plan or has agrees to postponed F/C at what point would a new NOD need to be filed. : : : From my understanding, if the lender takes payments on a payment plan, should the brw default would a new NOD need to be filed? : : : Thanks : : : Damien : : -=-=-=-=-=-=- : : Damien, : : I wasn't aware that an NOD (notice of default) had a shelf life. It won't expire unless the trustee conducting the foreclosure actively rescinds it. : Ward, : Correct, I had the same thinking, unless a REC of NOD was filed, its still active. So then I guess my question is, I already know you can file a NOD after the initial grace period of default, but what happens if you are set on a payment plan? I was always under the understanding that the NOD had to be refiled if you broke the plan. The reason I think this way was, having had worked for major lended in the foreclosure dept. this was always the rule we followed, but I need to know was this company policy or law.. : Thanks : Damien Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction.

Copyright © 1997-2003, InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455