DU Mortgage experts: Decode this for me?

[Gold Metal Flake]

I am checking on a neighboring property. I received some info.

"TD recorded on 7/22/05 for $391,500 NOD record 4/10/08, amount in default is $21,107.08 as of April 16,2008."

What is "TD"? What is "NOD"?

[Bluebear]

1. NOD is the Notice of the default, TD is the trustee's deed

The NOD is the first stage of the foreclosure process. Trustee's deed is recorded after the property actually goes back to the bank.

[Gold Metal Flake]

2. Damn, that was fast!

Thanks, Bluebear.

[Lex]

3. NOD might be "Notice of Default"

and TD is maybe "Trustee Deed." Not sure about that one. What state?

[Lex]

4. dang, bluebear beat me to it!!

:rofl:

[AlCzervik]

5. wow, that's a good example of who's getting foreclosed on, i bet that was a

interest only loan.

[bluesbassman]

6. Could be an I/O but,

if they were behind six months it would have made the interest raet about 10.25%. Pretyy high even for subprime at the time the TD was executed.

[mdmc]

7. kick