FORECLOSURE NOTICE Sample Clauses
A Foreclosure Notice clause outlines the requirement for formally notifying a borrower when a lender intends to initiate foreclosure proceedings due to default on a loan. This clause typically specifies the method of delivery, the timeframe in which notice must be given, and the information that must be included, such as the amount owed and the deadline to cure the default. Its core function is to ensure the borrower is properly informed and given a final opportunity to address the default before losing their property, thereby promoting fairness and legal compliance in the foreclosure process.
POPULAR SAMPLE Copied 1 times
FORECLOSURE NOTICE. A copy of any notice of foreclosure sale and any other notices hereunder shall be served on Grantor by certified mail, return receipt requested, at the address for notice provided in Section 4.2 herein or at such other address as may be given to the Beneficiaries in writing by Grantor subsequent to the execution and delivery of this Deed of Trust. Any notice of a subordinate lien, any notice of other liens pursuant to W. Va. Code ss. 38-1-14 or other notice may be served on the Beneficiaries at their addresses listed on the first page of this Deed of Trust.
FORECLOSURE NOTICE. The notice to be delivered by the Servicer to the Master Servicer (pursuant to the ▇▇▇▇▇ Fargo Servicing Agreement) no later than five Business Days prior to the Servicer's commencement of foreclosure proceedings with respect to a Mortgage Loan, of its intention to commence such foreclosure proceedings.