{"id":901,"count":1,"description":"\r\n\r\nJump to: \r\nWhat is default?<\/a>\r\nWhat types of default are there?<\/a>\r\nWhat is monetary default?<\/a>\r\nWhat is technical default?<\/a>\r\n\r\nWhat is default?\r\n\r\nGenerally speaking, to default is to fail to fulfill an obligation or perform a duty.\r\nIn real estate, this term most often refers to financial obligations \u2013 to default on regular payments (mortgage, taxes, etc).\r\n\r\n\r\n\r\n\r\n\r\nWhat types of default are there?\r\n\r\nDepending on what the failed obligation was, default can be monetary or technical.\r\n\r\n\r\n\r\n\r\nWhat is monetary default?\r\n\r\nMoneary default refers to failing to make timely regular payments on a loan or credit. For example, failing to make several consecutive mortgage payments either on time or at all, which may result in the mortgage lender enforcing the mortgage lien and taking possession of the property that is put up as collateral\r\n\r\n\r\n\r\n\r\nWhat is technical default?\r\n\r\nAlthough regular payments are made on time, other obligations stated in the contract are not fulfilled. For example, failure to pay property taxes on time or failure to maintain required upkeep of the property. \r\n\r\n\r\n\r\nYou might also be interested in:\r\n\r\nWhat is contingency?<\/a>\r\nWhat is cost approach?<\/a>\r\nWhat is deficit?<\/a>\r\n\r\n\r\n\r\n\r\n\r\nSearch other terms\r\n\r\n\r\nA<\/a>\r\nB<\/a>\r\nC<\/a>\r\nD<\/a>\r\n\r\n\r\nE<\/a>\r\nF<\/a>\r\nG<\/a>\r\nH<\/a>\r\n\r\n\r\nI<\/a>\r\nJ<\/a>\r\nK<\/a>\r\nL<\/a>\r\n\r\n\r\nM<\/a>\r\nN<\/a>\r\nO<\/a>\r\nP<\/a>\r\n\r\n\r\nQ<\/a>\r\nR<\/a>\r\nS<\/a>\r\nT<\/a>\r\n\r\n\r\nU<\/a>\r\nV<\/a>\r\nW<\/a>\r\nX<\/a>\r\n\r\n\r\nY<\/a>\r\nZ<\/a>\r\n\r\n\r\n\r\n\r\n\r\nPopular terms\r\n\r\n\r\n\r\n\r\nAmortization<\/a>\r\n\r\n\r\nEquity <\/a>\r\n\r\n\r\nNotary Public <\/a>\r\n\r\n\r\nProgression\/Regression<\/a>\r\n\r\n\r\nAcquisition <\/a>\r\n\r\n\r\nAnnuity <\/a>\r\n\r\n\r\nAsset <\/a>\r\n \r\n \r\n Fiduciary <\/a>\r\n\r\n \r\n Inflation <\/a>\r\n\r\n \r\n Contingency <\/a>\r\n\r\n \r\n Escrow<\/a>\r\n\r\n \r\n Power of attorney <\/a>\r\n\r\n \r\n Real Estate Agent <\/a>\r\n\r\n \r\n Eminent Domain <\/a>\r\n\r\n \r\n Liability <\/a>\r\n\r\n \r\n Statute of Limitations<\/a>\r\n\r\n \r\n Valid <\/a>\r\n\r\n \r\n Variance<\/a>\r\n\r\n \r\n Contiguous <\/a>\r\n\r\n \r\n Deficit<\/a>\r\n\r\n\r\n\r\n\r\n","link":"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-default\/","name":"Default","slug":"cre-term-default","taxonomy":"post_tag","meta":[],"yoast_head":"\nWhat is Default? - Commercial Real Estate Dictionary<\/title>\n<meta name=\"description\" content=\"In real estate, Default most often refers to financial obligations \u2013 to default on regular payments (mortgage, taxes, etc).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-default\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Default Archives\" \/>\n<meta property=\"og:description\" content=\"In real estate, Default most often refers to financial obligations \u2013 to default on regular payments (mortgage, taxes, etc).\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-default\/\" \/>\n<meta property=\"og:site_name\" content=\"CommercialCafe\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"CollectionPage\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-default\/\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-default\/\",\"name\":\"What is Default? - Commercial Real Estate Dictionary\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#website\"},\"description\":\"In real estate, Default most often refers to financial obligations \u2013 to default on regular payments (mortgage, taxes, etc).\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-default\/#breadcrumb\"},\"inLanguage\":\"en-US\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-default\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialcafe.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Default\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#website\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/\",\"name\":\"CommercialCafe\",\"description\":\"Your Commercial Real Estate Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialcafe.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"What is Default? - Commercial Real Estate Dictionary","description":"In real estate, Default most often refers to financial obligations \u2013 to default on regular payments (mortgage, taxes, etc).","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-default\/","og_locale":"en_US","og_type":"article","og_title":"Default Archives","og_description":"In real estate, Default most often refers to financial obligations \u2013 to default on regular payments (mortgage, taxes, etc).","og_url":"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-default\/","og_site_name":"CommercialCafe","twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"CollectionPage","@id":"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-default\/","url":"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-default\/","name":"What is Default? - Commercial Real Estate Dictionary","isPartOf":{"@id":"https:\/\/www.commercialcafe.com\/blog\/#website"},"description":"In real estate, Default most often refers to financial obligations \u2013 to default on regular payments (mortgage, taxes, etc).","breadcrumb":{"@id":"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-default\/#breadcrumb"},"inLanguage":"en-US"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-default\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialcafe.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Default"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialcafe.com\/blog\/#website","url":"https:\/\/www.commercialcafe.com\/blog\/","name":"CommercialCafe","description":"Your Commercial Real Estate Blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialcafe.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/tags\/901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/tags"}],"about":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/taxonomies\/post_tag"}],"wp:post_type":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/posts?tags=901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}