NOD has the cure amount the same as the original loan amount.

[Christopher Telles]

We've never bought a property through foreclosure and have recently run across several possible acquisition properties that have peaked our interest.

Although I've never bought property in this manner I have watched properties go through the process. There seems to be a change in the way NOD notices are being issued in that the NOD amount is the same as the original debt amount. I'm curious if this is something new that is being done by lenders foreclosing? I thought in the past the NOD listed the total debt currently owed on the loan balance as opposed to the original debt.

Anyone with knowledge about the foreclosure process, especially in California, who could chime in on this topic to add some clarity would be beneficial to us, as well as the BP community as a whole.

Thanks in advance, and have a terrific and safe 4th of July.