Boca Raton, FL (PRWEB) April 7, 2009
Boca Raton, Fla., April 7, 2009 -- Foreclosure.com (http://www.foreclosure.com) today announced that its Web site traffic has increased more than 30 percent since this same time period last year because of the increased interest among prospective buyers in distressed real estate, including preforeclosure, foreclosure, short sale and other amazing deals.
Historically low home prices, as well as interest rates, and the recently-signed American Recovery and Reinvestment Act from the new administration on Capitol Hill that offers first-time homeowners a no-strings-attached $8,000 tax credit to put toward their principal residences, are all key factors in the recent surge in interest on the Web, according to Foreclosure.com Vice President, James Houston.
"Our servers are getting crushed around the clock," said Houston. "We have noticed a significant increase in traffic over the last few months, which we attribute to several factors that have created a 'perfect storm'-like situation."
Foreclosure.com -- already America's largest and most trusted source for distressed real estate information -- is among the top 20 online real estate destinations on the Web, placing twelfth for visits on a recent report from HitWise.com -- the leading online competitive intelligence service - for the week ending on Feb. 28.
It's perhaps no coincidence that the National Association of Realtors® issued a report just last month, revealing that foreclosure-related purchases comprised more than 40 percent of real estate sales nationwide.
Foreclosure.com features nearly two million foreclosure, preforeclosure, bankruptcy, FSBO, tax lien and sheriff sale listings from throughout the United States on its Web site. Visitors are allowed to search the complete database totally free for seven days without obligation. If a potential homebuyer or investor needs more time, the company charges a competitive low monthly subscription fee to continue using the service.
But, according to Houston, curious buyers can typically find great deals in their areas in literally just a few hours.
"There is just so much inventory to choose from right now," he said. "The odds are favorable that anyone who visits our Web site today will likely find several great deals quickly for pennies on the dollar."
Foreclosure.com visitors benefit from detailed listing information, which includes photos, maps, community statistics, complete address, contact information and so much more. In addition, Foreclosure.com features a Community Expert Program and Broker Network that matches up interested buyers with the best local real estate agents and brokers to assist them through the purchase process.
It's among the several benefits that Houston says is what differentiates Foreclosure.com from the other distressed real estate sites on the Internet.
"Our traffic and retention figures speak for themselves," he said. "Buyers want to maximize their time and find the homes that are right for them as fast as possible at reduced prices. That's what we offer - it's our bread and butter. Not only is our database the most accurate and comprehensive in the business, but we also provide all the help and assistance anyone could ask for throughout the process that ensures smiling faces at the closing table. That's the Foreclosure.com difference."
Feel free to visit Foreclosure.com at http://www.foreclosure.com today and search for homes in your area at no cost.
With more than 1.8 million foreclosure, preforeclosure, bankruptcy, FSBO, tax lien and Sheriff sale listings in one place, Foreclosure.com delivers America's largest and most accurate searchable database of foreclosed homes and investment property information to its customers and business partners. Based in Boca Raton, Florida, Foreclosure.com works directly with hundreds of top lending institutions and government agencies to list diverse property types on its Web site, as well as features listings from an extensive network of corporate sellers. As a result, the company has been recognized by high profile media outlets and prestigious non-profit industry groups alike as the number one rated distressed property listing resource available anywhere. Foreclosure.com offers much more than just real estate listings, connecting sellers, buyers and agents in one convenient location as a one-stop real estate marketplace.