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What does take a default mean?

Updated: 9/22/2023
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11y ago

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Sports- lose by not playing

Accounting term- behind on payments on a loan

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Q: What does take a default mean?
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Do you have to declare bankruptcy if you default on your mortgage?

No. If you default on your mortgage the lender will take possession of the property by foreclosure. Whether you file bankruptcy is an unrelated issue.No. If you default on your mortgage the lender will take possession of the property by foreclosure. Whether you file bankruptcy is an unrelated issue.No. If you default on your mortgage the lender will take possession of the property by foreclosure. Whether you file bankruptcy is an unrelated issue.No. If you default on your mortgage the lender will take possession of the property by foreclosure. Whether you file bankruptcy is an unrelated issue.


What does the term notice of default mean?

A notice of default is used to notify a borrower that they have defaulted on their debt. To default on a debt means to fail to repay it. So a notice of default reminds the borrower that he has not made a payment on his debt on time.


What does default mean in personal finance?

Failure to repay a loan


If i default on my mortgage can the lender take other assets?

YES.


Can spouse refinance home in his name only?

All the owners of the property must sign the mortgage so that in the case of a default the lender can take possession of the property by foreclosure.All the owners of the property must sign the mortgage so that in the case of a default the lender can take possession of the property by foreclosure.All the owners of the property must sign the mortgage so that in the case of a default the lender can take possession of the property by foreclosure.All the owners of the property must sign the mortgage so that in the case of a default the lender can take possession of the property by foreclosure.

Related questions

What does default amount mean?

the number the item in question is set to automatically


What does default notice not entered mean?

What is next after notice of default is entered


What does default mean in DS?

Default means original whatever conifguration it changes to its original settings.


What does default mean in financial terms?

It means that the borrower did not pay as promised. It means you are in default on the loan.


What is a Notice of Rescission of Declaration of Default and Demand for Sale and Notice of Default?

A Notice of Rescission of Declaration of Default is a mortgage loan that was once in default, and a notice of default would mean that the loans are still currently foreclosed in a way.


What is a default parameterized constructor?

There is no such thing as a default parameterized constructor. The default constructor is always the 'no-arg' constructor and does not take any parameters or arguments as input


Do you have to declare bankruptcy if you default on your mortgage?

No. If you default on your mortgage the lender will take possession of the property by foreclosure. Whether you file bankruptcy is an unrelated issue.No. If you default on your mortgage the lender will take possession of the property by foreclosure. Whether you file bankruptcy is an unrelated issue.No. If you default on your mortgage the lender will take possession of the property by foreclosure. Whether you file bankruptcy is an unrelated issue.No. If you default on your mortgage the lender will take possession of the property by foreclosure. Whether you file bankruptcy is an unrelated issue.


What does default character mean?

A default character is the kind d type for characters constants if no kind parameter is specified.


The fields in a c program are by default private is true or not?

I guess you mean C++, not C.Data fields of a structure/union are public by default,those of a class are private by default.


What do you mean by default arguments. How do you delare them?

Gand mrao


If you default on credit card payments can they take your car?

no


What does the term notice of default mean?

A notice of default is used to notify a borrower that they have defaulted on their debt. To default on a debt means to fail to repay it. So a notice of default reminds the borrower that he has not made a payment on his debt on time.