1. A notice of default is the first step in the foreclosure process. 2. A notice of default is the first step of the formal foreclosure process. 3. The notice of default does not mean that Menatep was calling for immediate repayment of the loan. 4. "Notices of default are really low and have been low for some time, " she said. 5. Last June, Boeing sent a notice of default to PAL for the cancellation of the remaining three planes. 6. He sent his first notice of default to the authority hours before the Devils'June 25 Stanley Cup victory. 7. The notice of default doesn't automatically mean that the lender is calling for immediate repayment of the loan. 8. In addition, IPTL stated that the only material dispute at the moment is as regards to the notice of default . 9. Last month, lender foreclosure notices in California reached their second-highest level ever, with 13, 868 homeowners receiving notices of default . 10. He bought a $ 20, 000 car, officials discovered, after a notice of default was sent to the half-way house.