/ˈnoʊtɪs ʌv dɪˈfɔlt/ – Noun
Definition: Thông báo vi phạm.
A more thorough explanation: a public notice filed with a court stating that a borrower is behind in mortgage payments, and if the payments are not paid up, the lender will take control of the home
Example: We identify and provide information on homes with notice of default to help you make favorable negotiations with the owner.