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- DECLARATION OF DEFAULT NV 2019 - REVISED

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S.B.S. is a debt collector, attempting to collect a debt and any information obtained will be used for that purpose.
S.B.S. TRUST DEED NETWORK
S I M P L Y B E T T E R S E R V I C E
31194 La Baya Drive, Suite 106, Westlake Village, CA 91362
818-991-4600 FAX 818-874-9500
e-mail:info@sbstrustdeed.com website:www.sbstrustdeed.com
Loan #_______________________
Declaration of Default – Request to Loan Type:
Commence Foreclosure Proceedings _____VA _____FHA _____CONV
_____Other ___________________
State Property Located _________
The undersigned, as beneficiary or as an authorized agent or employee of the mortgage servicer,
instructs the trustee to: ___ record a Notice of default; _____ record a substitution of trustee;
and/or, ____ record assignment(s) of the deed of trust (copy attached) and has authority as the
beneficiary or on behalf of the holder of the beneficial interest to initiate foreclosure and to take
actions reasonably necessary to conclude the foreclosure including, but not limited to, retaining a
trustee, authorizing the trustee to employ other agents to assist in processing the foreclosure and
to distribute any surplus funds that may result from a trustee’s sale as provided by the deed of trust
and by law.
TYPE OF LOAN:
-Deed of Trust Position: ( ) 1
st
( ) 2
nd
( ) 3
rd
( ) 4
th
-Single Family ___ Yes ___ No
-Owner Occupied ___ Yes ___ No
Mediation Contact:_________________________ Ph:__________________________
DOCUMENTS ENCLOSED (_____ORIGINALS _____COPIES)
__________ Note _________ Modifications/Extensions
__________ Deed of Trust _________ Substitution of Trustee
__________ Assignments _________ Other ________________________________________________________
NATURE OF DEFAULT
__________ Failure to make payment which became due __________________, and all subsequent payments.
__________ Failure to pay the principal balance with interest thereon which became due on ______________________________.
__________ Other (specify) _________________________________________________________________________________
DEFAULT INFORMATION
(
If Yes, please provide accrued interest
Principal Balance $_____________ Variable? Yes ____ No ____
&/or payment schedule.)
Date Interest Paid To _____________ Interest Rate __________________%
Monthly P & I Payment $_____________ Impound Payment $_____________________________________
Monthly Late Charge $_____________ Prior Late Charges $_____________________________________
Total Amount Due $_____________ as of ___________________ (date)
S.B.S. is a debt collector, attempting to collect a debt and any information obtained will be used for that purpose.
ADVANCES (COPIES OF RECEIPTS FOR ALL ADVANCES ARE ATTACHED)
Prior Lien Date __________________ Amount $ ________________________
Property Taxes Date __________________ Amount $ ________________________
Insurance Date __________________ Amount $ ________________________
Other______________________________ Date __________________ Amount $ ________________________
NAMES AND ALL KNOWN ADDRESSES FOR TRUSTORS/CURRENT PROPERTY OWNERS
________________________________________________________________________________________________________
________________________________________________________________________________________________________
IS THE BORROWER _______ ALIVE _______ DECEASED
Social Security #’s: 1. _________________________________ 2. _____________________________________________
Property Address __________________________________________________________________________________
Beneficiary ______________________________________________________________________________________________
Address ______________________________________________________________________________________________
Phone (______)_______________________________ Fax (_____)____________________________________
Contact ______________________________________ Dept. __________________________________________
Email ______________________________________
The undersigned certifies, after his or her personal review of the mortgage servicer’s file, that each statement in this
declaration is accurate, complete and supported by competent and reliable evidence which the undersigned, an employee
or authorized agent for the mortgage servicer has reviewed to substantiate the borrower’s default and the right to
foreclose, including the borrower’s loan status foreclosure prevention alternatives and loan information. In addition, the
undersigned certifies based upon his or her personal review of the mortgage servicer’s records that if the borrower
submitted prior to the date of execution of this document a complete application for a first lien loan modification that the
borrower has been provided with a written denial regarding the borrower’s eligibility and there is no foreclosure
prevention alternative pending such as a trial loan modification, forbearance or repayment plan. The mortgage servicer
understands that S.B.S. Trust Deed Network is relying upon the accuracy of the above information so that it can legally
initiate the referred foreclosure under Nevada law. Any inaccuracies in the foregoing information provided by the
mortgage servicer may result in serious legal consequences, for which the mortgage servicer shall be solely responsible
for any damages, losses or attorney’s fees incurred by S.B.S. Trust Deed Network resulting or arising from any
inaccuracy.
The undersigned hereby promises and agrees to pay, on demand, the trustee’s fee in the amount permitted by law,
together with all costs and expenses incidental to these proceedings. It is agreed and understood that S.B.S. Trust Deed
Network, may not proceed with the sale and/or deliver the trustee’s deed until all fees and costs have been paid. I/we also
agree to indemnify and hold S.B.S. Trust Deed Network, its agents, officers or employees, harmless from and against all
costs, damages, attorney’s fees, expenses, obligations and liabilities of any kind which you may incur or sustain by any
reason of this default and foreclosure proceeding and/or the sale of the trust property by reason of any act of omission or
commission on the part of others and the undersigned, for whom you are acting as an agent.
Date: _________________________________ By: ________________________________________________________
Title: ________________________________________________________
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- DECLARATION OF DEFAULT NV 2019 - REVISED

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Completed 22 January 2021

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