Foreclosures Pick Up and Prices Continue to Drop - Directories and Portals News

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PRESS RELEASE : U.S. and World News : Internet and Websites : Directories and Portals News

Foreclosures Pick Up and Prices Continue to Drop

Mon, 01 Jun 2009, 07:30:16 EST
Edited by Liisa Sullivan

NEW YORK, N.Y., June 1 (SEND2PRESS NEWSWIRE) -- Another national flood of foreclosures, which many are predicting for this summer, may soon be added to the database at ForeclosureDataBank.com. These new listings are largely attributed to continued job losses, and a growing number of homeowners falling behind on their mortgages. "There are just so many foreclosure listings on the market right now," Moises DaSilva, CEO of Brivin Corporation, parent company for ForeclosureDataBank®, says. "In an area where options were once somewhat limited, the choices are now absolutely amazing for first time home buyers and real estate investors."

According to the Standard & Poors Case-Shiller Home Price Index that was released this month, prices in 20 major metropolitan areas dropped by 18.7 percent in March when compared with the same month a year ago. That was about the same as February and just shy of January's record plunge of 19 percent.

ForeclosureDataBank.com is the largest and most accurate foreclosures database on the Web. Many of the homes listed on the Web site are 20 to 40 percent below market value, making them more accessible to buyers who may otherwise have struggled to purchase a home.

Currently, ForeclosureDataBank.com has more than 1 million properties available in its database; updates are made daily. The Web site provides users with an easy-to-use interface and 24/7 customer service and support.

In addition to its streamlined appearance, the Web site also provides educational tools, search filter options and easy access to demographic information pertaining to various neighborhoods.

"We work with our customers to ensure they have all the tools they need to make a purchase that is right for them," DaSilva explains. "We help people to navigate the process so the deal goes through. To be a successful investor, people need to understand larger market trends as well as individual property listings and we help them to do just that."

About ForeclosureDataBank

Established in 1998, ForeclosureDataBank is one of the most recognized online foreclosure listing providers today. Drawing on the experience and expertise of its team of real estate professionals from all sectors of the industry, makes it possible for the company to offer a unique perspective on buying foreclosures that encompasses a wide angle view of the housing market.

For more information, visit: www.ForeclosureDataBank.com.

NEWS SOURCE: ForeclosureDataBank

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THE CONTENT OF THE ABOVE PRESS RELEASE WAS PROVIDED BY THE NEWS SOURCE (ForeclosureDataBank), WHO IS SOLELY RESPONSIBLE FOR ITS ACCURACY. FOR QUESTIONS ABOUT THIS STORY CONTACT THE NEWS SOURCE AND NOT THIS WEBSITE.

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REFERENCES: Foreclosures Pick Up and Prices Continue to Drop, ForeclosureDataBank, CEO Moises DaSilva, Standard and Poors Case-Shiller Home Price Index, Foreclosure DataBank, foreclosures database on the Web, online foreclosure listing providers, Brivin Corporation, Jun 1, 2009.

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