Notice of Default (NOD) is a real estate term you will encounter when buying or selling a home in Ventura County. This page gives you a plain-English definition and explains why it matters.
What it means
After a borrower misses payments, the lender records an NOD, which starts a reinstatement period during which the homeowner can catch up on missed payments to stop the foreclosure. If the default is not cured, the lender can later record a Notice of Trustee Sale and proceed to auction. The NOD is a public record, so it signals that a property is in pre-foreclosure.
Why it matters to buyers and sellers in Ventura County
For Ventura County homeowners behind on payments, an NOD is a critical warning with a limited window to act, including the option to sell before foreclosure. Buyers may find pre-foreclosure opportunities at this stage. Brian helps homeowners in default understand their options, including a sale that can protect their equity.
Frequently Asked Questions
What happens after a Notice of Default?
The homeowner enters a reinstatement period to cure the default. If unresolved, the lender can record a Notice of Trustee Sale and move toward auction.
Can I still sell my home after an NOD?
Yes. Many homeowners sell during pre-foreclosure to pay off the loan and protect remaining equity before a trustee sale occurs.
Is a Notice of Default public?
Yes. The NOD is recorded publicly, which is why homeowners in default often receive solicitations from investors and agents.
