Fontana California Notice of Rescission of Notice of Default and Election to is a legal document filed by a borrower to rescind a previously issued Notice of Default and declare their intention to reinstate the loan. This notice is typically used when a borrower has fallen behind on mortgage payments but wishes to resolve the default and continue with the loan agreement. The Fontana California Notice of Rescission of Notice of Default and Election to provides an opportunity for borrowers to rectify their default by submitting the required documentation and fees to their mortgage lender. By filing this notice, borrowers are essentially halting the foreclosure process and indicating their commitment to bringing their loan current. There are several types of Fontana California Notice of Rescission of Notice of Default and Election to, including: 1. Residential Notice of Rescission of Notice of Default: This notice is specific to residential properties and is filed by homeowners who want to reverse the notice of default filed against their property due to missed mortgage payments. 2. Commercial Notice of Rescission of Notice of Default: This type of notice is filed by commercial property owners who aim to undo the notice of default issued against their property, enabling them to rectify the default and reinstate the loan. 3. Judicial Notice of Rescission of Notice of Default: This notice is filed during a foreclosure lawsuit when the borrower wants to reverse the previously served notice of default. 4. Non-Judicial Notice of Rescission of Notice of Default: This type of notice is typically utilized in non-judicial foreclosure proceedings, such as those involving a deed of trust. It allows borrowers to revoke the notice of default and start the loan reinstatement process. 5. Notice of Rescission of Notice of Default and Election to Cure: This notice is sent by borrowers who intend to cure the default by making the necessary payments to bring the loan current. It serves as a notification to the lender that the borrower is taking steps to rectify the situation. When preparing a Fontana California Notice of Rescission of Notice of Default and Election to, it is essential to provide accurate and detailed information, including the borrower's name, property address, loan information, and the reason for the default. It is also crucial to follow the proper legal procedures and timelines for submission. Seeking legal advice or assistance prior to filing this notice is encouraged to ensure compliance with all applicable laws and regulations.