Last reviewed 08-20-2026Short-Sale.com Editorialglossary
Default
FHA Single Family Housing Policy Handbook Glossary November 26 2025
Updated 08-20-2026
Default
A Mortgage is in Default when the Borrower fails to make any payment or to perform any other obligation under the Mortgage for a period of 30 Days.
FHA Single Family Housing Policy Handbook Glossary November 26 2025
p. 12
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