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2. Default (finance) - Wikipedia

   en.wikipedia.org/wiki/Default_(finance)

   When a debtor chooses to default on a loan, despite being able to service it (make payments), this is said to be a strategic default. This is most commonly done for nonrecourse loans , where the creditor cannot make other claims on the debtor; a common example is a situation of negative equity on a mortgage loan in common law jurisdictions such ...

3. What is a notice of default? - AOL

   www.aol.com/finance/notice-default-200058388.html

   A notice of default is a public record stating that a borrower is in default on their loan. A lender or servicer files a default letter as the first step in the foreclosure process.

4. Mortgage - Wikipedia

   en.wikipedia.org/wiki/Mortgage

   A mortgage loan or simply mortgage (/ ˈ m ɔːr ɡ ɪ dʒ /), in civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged.

5. Strategic default - Wikipedia

   en.wikipedia.org/wiki/Strategic_default

   A strategic default is the decision by a borrower to stop making payments (i.e., to default) on a debt, despite having the financial ability to make the payments.. This is particularly associated with residential and commercial mortgages, in which case it usually occurs after a substantial drop in the house's price such that the debt owed is (considerably) greater than the value of the ...

6. What Happened When I Defaulted on My Mortgage - AOL

   www.aol.com/finance/happened-defaulted-mortgage...

   A mortgage default sounds scary, but what exactly is it? "To default on your mortgage generally means you cease making your mortgage payments," said Carole LeVar, director of real estate lending at...

7. What Happens When You Miss a Payment or Default on a Loan? - AOL

   www.aol.com/news/happens-miss-payment-default...

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8. Foreclosure - Wikipedia

   en.wikipedia.org/wiki/Foreclosure

   The foreclosure process as applied to residential mortgage loans is a bank or other secured creditor selling or repossessing a parcel of real property after the owner has failed to comply with an agreement between the lender and borrower called a "mortgage" or "deed of trust".

9. What Happens When You Miss a Payment or Default on a Loan? - AOL

   www.aol.com/finance/happens-miss-payment-default...

   Your credit score and credit history are important for many reasons, but this is especially true when it comes to applying for additional credit or loans. If your credit history is riddled with ...