ForeclosurePoint Membership Grows To 60,000

Posted by Orb Staff on January 23, 2009 No Comments
Categories : Mortgage Servicing

ForeclosurePoint.com, a Web site that provides free access to full street addresses of more than 3 million foreclosure filings in the U.S., reports that over 60,000 investors, home buyers and real estate professionals are now members of the service, which was launched in June 2008.

ForeclosurePoint membership provides foreclosure home-buying information, including properties available through short sales and real estate auctions. With free membership, buyers can 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. If 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."

SOURCE: ForeclosurePoint.com

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