Yes, that is what one expert revealed is the percent of people in who realize they are about to loose their property to bank foreclosure from reading it in the public notices in the paper. The rest learn it from the 5 other forms of contact (Including certified mail) used by banks.
That is what some of the 50% of people (who actually try to save their property from foreclosure) have to pay for the public notice to avoid the foreclosure.
Sen. Jack Johnson and Rep. Jimmy Matlock's bill to reduce the number of notices in the paper from 3 to 2 and shorten the property description passed senate judiciary today 5 to 4. If it goes on to full passage it could reduce the cost to the person being foreclosed on by 50%.