ForeclosuresDaily Introduces Automated Short Sale Program

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New Professional Services to offer fast, easy way to submit foreclosure investment deals

ForeclosuresDaily.com announced today the introduction of ForeclosuresDaily Professional Services (FDPS). FDPS will offer foreclosure investors a new, automated method for submitting short sales in the foreclosure real estate industry that is fast, easy, and simple.

A short sale is a unique real estate investment technique. A short sale is a transaction in which a lender accepts a discounted payoff on a mortgage to avoid a foreclosure. This is attractive to a bank when a homeowner in foreclosure owes more than can be realized through a traditional real estate transaction. Said Mike Kane, President of ForeclosuresDaily.com, "By giving investors a superior tool to submit and close short sales, ForeclosuresDaily empowers them to help alleviate the current mortgage crisis. Short sales allow lending institutions to divest their portfolios of non-performing assets, rescue property owners from credit ruin, and allow foreclosure investors to make a profit. It's a win-win-win situation."

However, while the short sale can be a lucrative investment technique, it is not easy. For one thing, the investor and the bank must negotiate a price that is acceptable to both parties. "That's the beauty of FDPS," said Kane. "FDPS does all the negotiation on behalf of our investors. We have professional negotiators all across the country."

"As the leader in foreclosure investing information, resources, and training, we think we're giving our community of investors all the technological tools necessary to succeed," says Kane. "Our clients tell us that it's almost an unfair competitive advantage."

About ForeclosuresDaily.com
Founded in 2004, ForeclosuresDaily.com is a leading provider of foreclosure information, training, and resources for foreclosure real estate investors. Through the power and convenience of the Internet, ForeclosuresDaily offers investors accurate, up-to-the-minute foreclosure information and equips them with a complete array of tools for success, including the company's premiere investment instrument, the ForeclosuresDaily Investing System. Headquartered in Largo, Florida, the company has offices in several states with a staff of close to one hundred employees.

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Charles Collins


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