How do you find Notice of default listings? What is the best way and why should anyone that is interested in real estate be willing to take the plunge with regard to having their real estate agent hunt for them?
Notice of Defaults are also known as PreForeclosures. These listings have gone without payment for at least 90 days, some much longer. That is because the owner, could not, would not, or chose not to make their mortgage payment.
Therefore, there are only a couple of options left for a homeowner in this position. They could have the home foreclose and leave. They could have the home sold short - and leave. They could catch up with their missed payments and make the bank happy and stay.