Notice of Default for Past Due Payments in connection with Contract for Deed - Idaho 2026

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering the names and addresses of both the seller and purchaser in the designated fields at the top of the form.
  3. Specify the property address related to the contract for deed in the appropriate section.
  4. Clearly state the amount due for past payments, including a breakdown of each month’s payment that is overdue.
  5. Include any late fees applicable, ensuring that you calculate this accurately to avoid further complications.
  6. Set a deadline for curing the default, making sure to provide a specific date by which payment must be made.
  7. Finally, sign and print your name at the bottom of the form to validate it before sending it out.

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If the payments are in arrears the creditor must issue a default notice before any legal action or intervention can take place. As with all debt problems, its vital to act quickly and to seek professional advice. A default notice is a warning and as such should be taken very seriously.
If you receive a default notice you should: Pay the amount owed and your usual repayment within 30 days. Once you have caught up with repayments, you are no longer in default and the lender cannot start legal action against you.
Technically speaking, a notice of default is not a foreclosure. Instead, it serves as notice that you are behind in your payments and that your property may be sold as a result of foreclosure if you dont act soon.

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The Notice of Default is prepared by the trustee and recorded in the office of the County Recorder. Any person of interest has the right, up to 115 days after the Notice of Default is recorded, to stop the foreclosure by curing the default and paying all fees and costs incurred.
Typically, the nonjudicial foreclosure sale process takes anywhere from 125 to 140 days. Notice of the date of sale must be given no less than 120 days after a notice of default has been recorded in the county record where the property is situated. Idaho Code 45-1506.
Of course you can ignore it as long as youre willing to accept the consequences. A default judgment against you, meaning you lose and depending on your state laws, you may end up with your wages garnished, or perhaps a lien against your property.
A notice of default is a statement sent by one contract party to notify another that the latter was in default by failing to fulfil the terms of an agreement and a legal action would follow if the latter continue to default.

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