Nothing gets posted in Notice of Default.

It's just very simple, clear, long established and industry accepted, and has significant knowns for how any enforcement or default type actions are handled. 

I would recommend hiring a lawyer for a non-monetary default eviction.

Less risks of significant cash outlays and/or collections defaults.

You would work with other lenders and do a participation agreement, but many of them will require you to put in 20-40% of the money, have a net worth of 2x what they are including as they will want you to buy back the loan if it goes into default.3.

But same theory give them a second chance and many times I was negative cash flow I would rent for less than their mortgage to get them going again.. did well over hundred of those and I can count on one hand how many actually were able to totally cure and buy the home back.. 90% of them defaulted in the first 18 months..

The exact steps depend on the nature of the defaulted debts and on your local laws.State income tax planning.

What are the penalties for late payments or default?

We are already seeing an increase in defaulted loans this quarter and sellers being a lot more reasonable on pricing.

Then you wind up with units in your park that default on lot rent and cannot afford to move the trailer.