Archive for the 'Notice of Default' Category

Section 8 Notices

There are two main routes for obtaining possession of assured and assured short hold tenancies: Section 8 route Section 21 route The aim of this article is to explain the section 8 route and how to complete the form. If you simply want to download the form now, click here.   When to use a [...]

What the Universal Default Clause Means to you

Over the past few years, many credit card companies have started changing their user agreements to include what is called a universal default clause. Because most people ignore the changes made to their agreements, the credit card companies have been able to enact this simple but significant clause without your notice. The universal default clause [...]

What Does a ‘Universal Default Penalty’ Clause Mean On My Credit Card?

You apply for a credit card that has an advertised 10% APR. The card is approved and you spend money on it. Some months later you notice that the interest rate cannot possibly be 10% APR but is nearer 30% APR. You immediately claim you have been cheated; but the credit card provider counters that [...]

What is the procedure after default in Payment that leads to Austin Foreclosed Homes?

Foreclosures happen when a homeowner cannot make his mortgage payments on time and will be taken over by the lender or bank for resale. Austin Foreclosed Homes present a good opportunity for investors looking to buy properties at cheap rates. The entire process takes up to five months.  During this time, the home owner can [...]

Bend Oregon Mortgage Defaults Skyrocket

The Bend Bulletin reported Sunday that the Bend Oregon real estate market is not doing well. There were 788 notices of default filed in Deschutes County for the first six months of 2008. A notice of default occurs when the mortgage lender files a notice of foreclosure. Lenders generally file notices after a borrower is [...]


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