To Initiate a Foreclosure, a Lender Must Record a Notice

question 51

True/False

To initiate a foreclosure, a lender must record a notice of default with the appropriate county office.

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Definitions:

Litigation File

The collection of documents, evidence, and records related to a legal case or proceeding.

Maintenance

The act of keeping something in good condition through regular care and repairs.

Deposition Transcript

A written record of all spoken words and non-verbal actions during a deposition, as part of pre-trial discovery.

Trial

The formal process in a court of law where the facts of a case are examined, and a judgment is made, typically involving a judge and sometimes a jury.