Foreclosure Information Site Sees Sharp Increase in Foreclosed Homes

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After a drastic spike in home foreclosures in 2007, IForeclosure Info sees more homeowners looking for assistance.

The number of foreclosed homes increased dramatically in 2007, according to IForeclosure Info, leading more and more homeowners to turn to them for assistance. Home foreclosures went up by a dramatic 75 percent in 2007 compared to the number of foreclosure filings that were lodged the previous year. An industry report recently released by California-based RealtyTrac states that 2.2 million foreclosures were filed in 2007.

IForeclosure Info, an online service that provides information and assistance to homeowners facing foreclosures, is noticing an increase in the number of Web visitors turning to them for assistance. This is no surprise, since approximately 1 percent of all households in the United States are in some stage of the foreclosure process. Many homeowners have just entered the process, and will be adding to an ever-increasing number of foreclosed homes in 2008.

Nevada, Michigan, California and Florida are facing the heaviest rates of home foreclosures, according to RealtyTrac. IForeclosure Info, which is based in Southern California, understands this all too well. Their team is available to help homeowners throughout the country, however, to gain a full understanding of the mortgage foreclosure process. They can provide information on how to avoid falling too far behind on mortgage payments and ultimately losing the home.

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About IForeclosure Info:
IForeclosure Info was created in response to the rapid growth in the home foreclosures market. For many reasons, consumers and lenders often lack a complete understanding of the mortgage foreclosures process. In their work with those facing the prospect of home loss, it became clear that if given the full array of options available, much of the stress and anxiety that comes with losing a home through foreclosure can be alleviated.

Their plan was to build a network of Foreclosure, Real Estate Auction, Home Mortgage and Credit Repair experts who not only assist with providing essential information, but can also act as local guides through what can be a very difficult situation. Their experts are available to help stop foreclosures before they begin, and to find the best path to avoiding foreclosure, saving one's credit or selling a home at auction.

Shane Copeland
IForeclosure Info

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Shane Copeland
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