Many foreclosure proceedings are resolved during this 3 month Notice of Default period. The borrower, or anyone with a subsequent interest in the property, may pay the beneficiary or his authorized agent the amount necessary to cure the default. 

This amount will include delinquent payments, advances and the fees and costs associated with filing the Notice of Default and other necessary documents. Once all of the delinquent fees and costs are paid, a Notice of Recession is recorded.  When the Notice of Recession is recorded it cancels the Notice of Default.

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