Home Foreclosures: 5.5.2.3 Notice of Right to Cure and Reinstate—Contractual Cure Notices (Paragraph 22 of the Standard GSE Security Instrument)
The terms of many loan documents mandate that a specific notice be given in connection with any acceleration of the loan. The loan documents specify the content and timing of such a notice. Advocates should scrutinize these contract terms closely. The provisions typically specify who must send the pre-acceleration notice.