The demand for affordable, state-of-the-art foreclosure listings has been a surprisingly long time in building
Oceanside, CA (PRWEB) September 4, 2009
The real estate market is proving to be the mother of invention as investors and agents grapple with a roiling marketplace that often fails to efficiently bring together home sellers and investors searching for opportunities.
Jeremy Jennings, CEO of MailingList.org, a leading supplier of short sale leads, tax lien leads, pre-foreclosure lists and other key data used by the real estate market, says that the inefficiencies of recent years may have actually delayed sector recovery.
"The speed of recovery in the housing market relies to some degree on quickly matching supply with demand. The market was caught flat-footed by the severity of the housing bust. But as new tools evolve, real estate investors are making use of them to bridge data-flow inadequacies and to gain advantages."
A glut of distressed properties and a continuing stream of new foreclosures have indeed resulted in a vast demographic of economically stressed home owners and potential buyers unable to access timely market information. While both public and commercial sources provide their own separate lists of troubled or defaulted mortgages -- the system was designed to handle the slower pace of transactions prior to the subprime mortgage crisis and has struggled to adjust.
With results that can be costly and frustrating for buyers and sellers alike.
Jennings' company is one of several now marketing a service which compiles real-time listings of troubled and defaulted mortgages from major institutions. Clients of the service benefit from being among the first to know of pending mortgage defaults before they reach the public domain. According to industry sources there were a total of about one million foreclosures nationwide in 2008, a sixty-three percent rise over the previous year. In all, the foreclosure process was begun on two million homes during that time period, and rates remain high -- involving about one-third of total home sales in June 2009.
"The demand for affordable, state-of-the-art foreclosure listings has been a surprisingly long time in building," says Jennings. "But from this point on I look to a quickening pace of innovation in data offerings as bust turns to boom and the most skilled investors come to expect a continuing data advantage."
For more information on short sale leads and other services of MailingList.org, visit their website at http://www.mailinglist.org or phone Jeremy Jennings at (888) 556-3282.