Receiving a Notice of Default (NOD) can be stressful, but it doesn't necessarily mean you've lost your home. A Notice of Default is the lender's official notice that your mortgage is in default and that the foreclosure process has begun. In many cases, you may still have time to explore your options. Don't Ignore the Notice The first step is to carefully read the notice and understand where you are in the foreclosure process. Ignoring it can reduce the number of options avail