The Notice of Acceleration is just one name for a document from your lender which advises you that ALL of your mortgage payments, including past missed payments, will be due within the next 30 to 90 days. Other names that banks use for Notice of Acceleration include: Acceleration Notice or Notice of Intent to Foreclose. Whatever it is called, they all require the same thing: for you, the homeowner, to pay all of your outstanding loan payments in full (plus penalties) and the rest of the balance that is left on your mortgage. A homeowner receives a Notice of Acceleration after missing a substantial amount of mortgage payments. Generally, it is impossible for a homeowner to pay all of the passed missed mortgage payments, penalties, and the remaining mortgage balance within 30 to 90 days. First of all, the homeowner has already had trouble just keeping up with the current mortgage payments. Second, most mortgages are designed to pay off the entire balance in 30 years and now the bank wants ALL of their money in a couple of months. Because of the huge burden it would be for a homeowner to pay off their entire mortgage at this time many homeowners choose to go through foreclosure. This may be an option for you as a homeowner; however, you should consult with a foreclosure attorney before deciding if that is the best option for you and your family.