Crystallisation occurs upon default of the mortgagor and registration of a notice of default, and the mortgage ranks from the date notice is filed.
12.
Tach?has given notice of default on certain covenants of their investment agreement, but is working with Shear to find funding or a purchaser.
13.
Once a notice of default is recorded, it usually takes about four months for a foreclosed home to go back on the real estate market.
14.
The process starts only when the lender or trustee records a " notice of default " no matter how long the loan payments have been unpaid.
15.
During the first 11 months of last year, 150, 037 California homeowners received a notice of default, the first step of the foreclosure process.
16.
DataQuick started monitoring foreclosure activity in 1992, when 100, 573 notices of default, the first step taken in the foreclosure process, were recorded.
17.
Second-quarter notices of default declined 2 percent to 32, 913, compared with the first quarter, reported La Jolla, Calif .-based Dataquick Information Systems.
18.
DataQuick's report, released Monday, was based on the " Notices of Default " filed by lending institutions _ the first step in the foreclosure process.
19.
Therefore, I have advised the New Orleans Saints to file an arbitration demand today with the American Arbitration Association requesting arbitration of the disputes outlined in its notice of default,
20.
Adelphia also said that because it had delayed filing its annual financial report, it had received notices of default on some agreements with lenders and it was in potential default on others.
