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Santa Barbara, CA Dec 10, 2009 -- RealtyStore (http://www.realtystore.com) recorded 11,698 Notices of Default (NOD) in Illinois in November 2009; nearly double the 5,797 figure for November 2008. Such notices are posted when a homeowner is significantly behind on his mortgage payments and a foreclosure may take place if the balance is not paid.
Default notices in Illinois up 26% from July 2008 and 37% from August 2007
Santa Barbara, September 15, 2008 – RealtyStore (www.realtystore.com), the nation’s leading provider of foreclosure listings, released its monthly Illinois Foreclosure Report.
Santa Barbara, CA June 23, 2008 -- RealtyStore (www.realtystore.com) recorded nearly 16,500 Notices of Default (NOD's) in northern Illinois counties for Q1 in 2008. An NOD is filed by the lending institution, when a homeowner falls behind on mortgage payments. NOD's provide important information about which home owners have home loans they cannot afford.