Question:

On forclosure listings what does "notice of default" mean?

by Guest33677  |  earlier

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Does it mean that is what I can purchase the home for, and own it out right if I had the cash?

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  1. This can mean different things considering where you life.  In most casts the holder of the mortgage was give notice they are defaulting but have yet to vacate the property.  Consult a real estate expert IMO.

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