Indio, CA (PRWEB) January 27, 2008
New Foreclosure Online, a company that specializes in foreclosed home listings online, has heard recent news of a possible ordinance that will affect their industry in the Coachella Valley. There are approximately 6,000 in various stages of foreclosure in the valley's nine cities, including the city of Indio, which has about 1,119 homes listed. The ordinance would make the financial institution that owns local foreclosure homes responsible for maintaining them.
For a site like New Foreclosures Online, which offers a database of foreclosed homes, such an ordinance could help to make the homes in their database more attractive to buyers. It would also keep the foreclosure homes from becoming eyesores to local residents, and help to avoid health and safety issues.
City staff in Indio was directed last week to investigate the possibility of such an ordinance. Staff for the City of Coachella, which has 431 foreclosure homes listed, already started investigating the possibilities of enforcing such an ordinance a couple of months ago. "It's an instrument of enforcement and accountability," said Coachella Mayor Eduardo Garcia.
For more information about foreclosure homes, visit http://www.newforeclosureonline.com.
About New Foreclosure Online:
New Foreclosure Online provides a helpful list of foreclosed homes, which provide buyers with an inexpensive way to find a home. A large database of foreclosed houses is perfect for those who are looking to invest in a virtually risk-free real estate opportunity. With a complete list, buyers can find the home of their dreams, or their next investment. The complete list can also provide information about each foreclosed house or, in some cases, about pre-foreclosed houses and auctions.
Thousands of houses are foreclosed each day in the United States, and even more people are interested in buying one for one reason of another. As soon as they find a house that fits into their budget and preferences, they can buy it. The process is simple, but without this list, finding the house is nearly impossible. By joining NewForeclosureOnline.com, buyers can also find everything they want to know about this market, the legal steps of the process and the possibilities of investment.
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