With the national launch of ForeclosurePoint.com last June, we made it free and easy for buyers and their agents to see specific property information so they can pursue foreclosure deals. The rapid growth in members we've seen demonstrates the mainstream public's appetite for these properties.
Seattle, WA (PRWEB) January 22, 2009
ForeclosurePoint.com, the only national website that provides free access to full street addresses of more than three million foreclosure filings in the U.S., today said that over 60,000 investors, homebuyers and real estate professionals are now members of ForeclosurePoint.com. The company launched its free national service six months ago.
ForeclosurePoint membership, available at http://www.ForeclosurePoint.com , provides all of the information needed to identify foreclosure home-buying opportunities, including properties available through short sales, auctions and REOs (bank-owned properties). With free membership, buyers can easily search for properties by state, county, or zip code and see exact home locations, default filing dates, estimated property values, satellite images and other details. Once members find properties that interest them, ForeclosurePoint can connect buyers and investors with real estate agents who specialize in foreclosure and bank-owned properties.
"Buyer interest in foreclosure properties is high, but there is still a lack of transparency in this market which affects a buyer's ability to acquire distressed properties," says Dennis Green, General Manager of ForeclosurePoint, a service of DepotPoint, Inc. "With the national launch of ForeclosurePoint.com last June, we made it free and easy for buyers and their agents to see specific property information so they can pursue foreclosure deals. The rapid growth in members we've seen demonstrates the mainstream public's appetite for these properties."
Green adds: "Foreclosures represent the majority of inventory in many markets. Exposing these properties to the broadest audience possible will help dispose of this discount inventory more rapidly, so that the overall market can recover. Only ForeclosurePoint aims to do this by providing easy access to free foreclosure listings."
Ryan Dell, a homebuyer in Washington State, has used ForeclosurePoint with great success. "I did my own research on ForeclosurePoint.com at no cost, and when I found a few properties of interest, ForeclosurePoint helped me contact an experienced agent who understood the foreclosure market to help me buy a home."
Laura Maldonado, a Realtor with Century 21 Superstars in California, also is a ForeclosurePoint member. "ForeclosurePoint is the best resource I've found that allows me to help the growing number of my clients who are interested in foreclosures," she says. "It's helpful that buyers can do their own research for free just like other online resources that provide access to MLS-listed properties."
To learn more about ForeclosurePoint, visit http://www.ForeclosurePoint.com or call 866-841-5641.
ForeclosurePoint.com, the nation's largest free foreclosure marketplace, is bringing transparency and visibility to the foreclosure market. The ForeclosurePoint platform can be integrated into any broker or real estate professional's website to provide a complete distressed property solution. With more free, detailed property information than any other national online foreclosure marketplace, as well as foreclosure property tracking services available nowhere else, ForeclosurePoint provides the most effective way for homebuyers, investors and real estate professionals to participate in the buying and selling of default properties.
ForeclosurePoint.com is a service of DepotPoint, Inc. (http://www.DepotPoint.com), based in Bellevue, Wash. DepotPoint brings greater transparency, efficiency and intelligence to mortgage lenders, loan servicers, foreclosure attorneys and REO asset management firms that use the company's Web-based application suite (TrackPoint) to vertically process properties through foreclosure straight into REO management -- mitigating risk, accelerating the recovery of nonperforming assets and reducing lenders' carrying costs for default properties.