Stage 2 of 4 · The Notices and the Clock
Notice of Default (NOD)
The recorded document that formally announces a borrower is in default and starts the nonjudicial foreclosure clock.
- In plain English
- The notice of default is the opening move in a nonjudicial state. The trustee records it at the county, mails it to the borrower, and a statutory waiting period begins.
- Example
- A trustee records one in California, and no sale can be noticed for at least three months afterward.
- Why it matters
- It is public, so it is the moment the default stops being private, and it starts the countdown inside which reinstatement still works.
- Remember it as
- The letter that becomes a public record.
Where it lands in the timeline
Stage 2: The Notices and the Clock
Once payments stop, the lender has to announce it in public and then wait out a legal timetable, and knowing which notice starts which clock tells you how much time is really left.