There was an article in today’s Tribune saying that Notice of Defaults (NOD) have jumped in the last few months which will result in more foreclosures soon. Home owners have 90 days to resolve the NOD before the next step of the foreclosure process.
If you are interested in seeing Notice of Defaults, you can go to www.foreclosure.com. Enter in the zip code of the city you want to see, then click the “Preforeclosures” tab. It will cost you $40/month if you want to see the full street address but unless the street is long, you’ll be able to tell if someone in your neighbor has received a NOD without needing to pay the monthly site fee.