Notice of Default
This is important and you need a lawyer to look over your situation. Without that information, I can say that the Notice of Default is a warning that if the loan is not brought current, then foreclosure proceedings may start.
If you have a signed, agreed and written loan modification that is accepted by the loan servicer and if payments are being made, that would mean the loan is brought current. There are many open issues and you have to be really careful to document everything you do. This includes sending in all documents properly signed and notarized by the correct persons AND keeping postal and other records to PROVE you did your part. You would be surprised at the lame reasons loan servicers sometimes give for denying loans and rushing into foreclosure.
I concur with the recommendation of my distinguished colleague. You cannot ignore anything. You need to retain experienced mortgage foreclosure defense counsel. There is so many possible problems that you can have, beyond what you can imagine. To properly answer your questions and address your concerns, the best way to handle this is with an in person consultation with an experienced OK mortgage foreclosure defense attorney. Use AVVO's Find a Lawyer tool to select a qualified attorney. Good luck.
If you found this Answer helpful, please mark it as "Best Answer" Please be advised that the answer above is only general in nature cannot be construed as legal advice, given that not enough facts are known. It is your responsibility to retain a lawyer to analyze the facts specific to your particular situation in order to give you specific advice. Specific answers will require cognizance of all pertinent facts about your case. Any answers offered on Avvo are of a general nature only, and are not meant to create an attorney-client relationship.
Technically, the answer is probably "no," but that doesn't mean this is a good course of action to take. While I am not licensed in Oklahoma, I can assure you defaulting on an Answer is almost never a good strategy - think of it as a fail-safe, just in case your loss mitigation efforts do not pan out.
Consider consulting with an Oklahoma-licensed attorney regarding this matter.
Good luck with your case!
Jonathan D. Warner, Esq. is an attorney and licensed to practice in the State of New York. This answer is provided for informational and/or entertainment purposes only. It should not be relied upon as legal advice, which can only be offered to clients in an office consultation setting, after all of the facts and circumstances of a case or controversy can be fully considered and reviewed. No attorney-client relationship should be inferred by virtue of any answers posted. We are a debt relief agency and help people file for bankruptcy.
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