Good morning Attorney, I just received a Letter of Default last Friday, what do I do now? I don't have a lawyer and I have questions.

My biggest advice is to consult with a mortgage foreclosure defense attorney immediately.  Most offer a free consultation.  Even if you don’t end up hiring a lawyer, it is a good place to get your options.  If you are talking about the initial default letter from the lender, you may still be able to get something worked out before a foreclosure lawsuit is filed against you.  To be clear, if a lawsuit has been filed and what you received as a Clerk’s Default (or some notice of default in court), it means you have to act very quickly to get that taken care of or you could lose your chances to raise defenses.  However, it sounds like the initial default letter.  So, my advice would be to consult with an attorney to review the letter and your particular situation to see what options may be available to you.   If you do nothing to address things now, the next step is a lawsuit being filed against you and the lender will seek a foreclosure sale of the property and possibly seek a deficiency judgment as well (that just means seeking any money from the judgment that wasn’t recovered by the sale).  Unfortunately, it means you are in a tough spot, but it sounds like it is still early so you may have some options.