Notice of Default (NOD)

 

Step 1 - Take Action

  • Contact your bank1 immediately
  • Take notes when you speak with your bank1; date, time, name and ID# of person
  • Request a list of documents required by your bank1 to complete a review of your file
  • Open and keep all letters from your bank1, including envelopes 

 

Step 2 - Seek Assistance

  • Don’t delay! Contact a HUD approved Housing Counselor– your success rate will increase and there are no fees for these services
  • If you do not have a Housing Counselor, contact Washington Homeownership Resource Center (WHRC) for a referral in your area

Call Today! 877-894-4663

 

Step 3 - Housing Counseling

  • Services:
    • Identify possible workout options
    • Review financial documentation
    • Submit your documentation to your bank1
    • Communicate with you and your bank1
  • Only a Housing Counselor or an Attorney can request mediation on your behalf

 

Step 4 - Get Ready

  • Gather your documents and complete bank* required forms
  • Provide documentation to your Housing Counselor to review and assemble
  • Submit documents, your Housing Counselor will assist you
  • Refresh documents every 30 days or as often as your Housing Counselor requests

 

Step 5 - Mediation

  • The purpose is to explore all available options to avoid foreclosure
  • If you qualify, Mediation may only be requested by your Housing Counselor or an Attorney
    • Typical Attendees
      • All Borrower(s) on the mortgage
      • Mediator(s)—Neutral Third Party
      • Legal Representative for bank1 (Lawyer)
      • “Decision Maker” for the Bank1

 

Step 6 - What’s Next

  • Continue to communicate with your bank* and Housing Counselor
  • Submit/Refresh your documents for assistance
  • Prepare yourself for the next “official” notice—The Notice of Trustee Sale (NOTS)
  • Don’t panic if you receive this notice.
    There is still time, if you act immediately!

 

Only 30 days to respond from the date of Notice.

Notice Of Trustee Sale recorded if you fail to respond within 30 days of the date of Notice.

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Testimonials

There are no words to say how much you did for us and how much you helped us, you basically saved us.
B. A.
I want to say a huge thank you.  It feels a million times better knowing where we will be living, that we don't have to move, and I can actually afford to live here.  My life is no longer on hold, and we have been able to make plans for the first time in ages. There is no more black cloud of uncertainty hanging over my head always, waiting for the bank to dictate so much of my life. Thank you, thank you, thank you!
C. K.
Thank you for taking the time to talk to me and put my heart at rest! I look forward to working with you to stay in our home.  I have an appointment with a housing counselor your referred us to and I will give you an update once that occurs.  Again, it meant so very much to me that you took the time to give me hope.
A. F.