Document background
The Notice of Intent to Foreclose is a critical document in Danish mortgage enforcement procedures, typically issued when a borrower has defaulted on their mortgage payments and standard collection efforts have been unsuccessful. This notice serves as the formal prerequisite to foreclosure proceedings under Danish law and must be issued before any formal foreclosure action can be initiated. The document includes essential information such as the nature of the default, outstanding amounts, cure periods, and the borrower's rights under Danish law. It must comply with specific requirements set forth in the Danish Mortgage-Credit Loans and Mortgage-Credit Bonds Act and related regulations. The notice provides the borrower with a final opportunity to remedy the default before formal foreclosure proceedings begin and includes mandatory information about available resources and assistance programs.
