Orlando, FL (PRWEB) December 18, 2007
Avested LLC launches the first ever online home auction site for the growing number of homeowners in the USA who face the misery of foreclosure. The company has launched its online auction site, http://www.avested.com , for the exclusive listing of homes in foreclosure, pre-foreclosure and those that are already bank owned. Using a similar sales format as eBay, Avested.com enables home owners to list their property for sale for as little as $199 with a number of options such as setting a reserve price, an immediate sales price, a fixed price or an auction date which is set to end prior to the homeowner's foreclosure deadline. Not only can the homeowner list their property for just $199 but on the successful sale they pay only a 0.5 percent sales fee compared to the national average of 6 percent charged by Realtors. To coincide with their launch the company is offering sellers a special listing promotion during the month of December whereby they can list their property for sale for just $99.
The founders of Avested LLC dreamed up the concept after they had been bombarded by media articles about the escalating foreclosure problem and the hundreds of websites, advertisements and informercials that offer to show you how to take advantage of the foreclosure market and become rich. A spokesman for Avested said; "Every day you see something that offers to show you how to make money from foreclosures and bank owned properties. You read about the rising foreclosure numbers in the US and the forecasts that show it is only going to get worse but you seldom read about help for those facing the misery of foreclosure and perhaps even pending bankruptcy. We decided to develop a program to help the people who need it the most and to give them at least a fighting chance. Unlike other companies out there, our aim is to help those in payment difficulty at the lowest possible cost to sell their home prior to losing it by generating real buyers through the power of the internet and other advertising media. We are not looking to take advantage of those in financial difficulty, instead we wish to offer them another option."
House Foreclosures in the US and Europe are at an all time high, so homeowners facing the same fate are certainly not alone. Foreclosure is a stressful and traumatic event in people's life and their minds will often be filled with all kinds of thoughts and emotions and, unfortunately most of them negative. For many, the instinct is to do nothing until it is almost too late and then to think that it is too late to do anything to save their home or any equity they may have in it.
Compounding the mounting problem of mortgage default and eventual foreclosure is the severely depressed real estate market with homes taking longer than ever to sell in an already flooded market of almost 4 million existing homes for sale nationwide. This means that for many, even those with a good amount of equity, selling their home in time to head off foreclosure proceedings can be almost impossible leaving homeowners with few options. Many homeowners going into foreclosure with equity in their property will never see a dime after the property has been sold by the mortgage lender and may find they still owe money. The lender is only concerned with recovering what is owed to them and their costs regardless of the equity the homeowner may have in the home which is their money
Avested LLC has recognized the plight of the homeowners in financial difficulty and has launched the world's first online real estate auction website listing for sale only properties in foreclosure, pre-foreclosure and those already bank owned. Avested offers a genuine lifeline to homeowners by providing a facility for them to sell their home prior to losing it through the foreclosure process and at a fraction of the cost that is generally charged by real estate agents. This provides the homeowner with a better chance of selling their home and retaining some equity or at least selling their home in time to head off foreclosure.
The website provides potential buyers with access to properties for sale anywhere in the US all of which are either in foreclosure, pre-foreclosure or already bank owned. This means that anyone serious about buying a property can do so at a bargain price and know that they have helped a homeowner in need. Avested.com also offers potential buyers with links to lenders who will pre-qualify them quickly for a loan to enable them to bid with confidence on a property. The power of the internet means that buyers from anywhere in the world who are looking for property have access to the listings and this makes the seller's listing available to worldwide buyers, especially the growing number of Europeans, who wish to purchase property in the US.
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