do you receive a final notice foreclosure
The foreclosure process doesnât officially begin until you receive a notice of default, or a foreclosure notice. Even though, behind the scenes, your lender is already making plans and taking the necessary steps to foreclose, it officially begins with the Notice.nce you receive a notice of default, there is no time to waste, because the longer to wait to find a solution, the more the late fees and charges start adding up. Catching up 3 or 4 payments is a lot easier than it may seem, because your lender may agree to a partial payment plan, or even a mortgage modification.