Most investors think about default in one way. You stop making payments. The lender starts foreclosure proceedings. That's payment default. And yes — that's a problem. But there's another type of default that catches investors off guard more often than people talk about. It's called maturity default — and on a hard money loan, it's one of the most common ways investors get into trouble. It happens not because you stopped paying, but because the loan hit its end date and you w