Default Research News Article

MT. PLEASANT, Pa., May 9 /PRNewswire/ -- Limited available housing in Seattle has led to a decrease in foreclosures all over the area, with Pierce County, down 50 percent in one month, leading the way, according to Default Research, the rapidly growing real estate research company for foreclosure properties. While Pierce County had the lowest foreclosure rate in April, Snohomish County was second, down almost 35 percent, and King County was 13 percent lower.

"These counties are experiencing a sellers' market," said Serdar Bankaci, president and chief executive officer of Default Research, Inc. "High demand and a low inventory of houses are leading to increased home prices and a reduction in foreclosure activity."

With Default Research's leads, which arrive two to three weeks ahead of the competition, there is an excellent opportunity to buy a foreclosure in that part of Washington State at a cheaper rate, and also help families in great economic distress avoid the embarrassment of going through the foreclosure process -- two important reasons Bankaci says to take advantage of his company's foreclosure information.

"For now, these pre-foreclosures properties provide an excellent opportunity for investors to cash in on a competitive marketplace," said Bankaci, whose company provides up-to-the-minute foreclosure leads for Snohomish, Pierce and King Counties. "Foreclosure activity is expected to continue to decline and home prices are expected to rise throughout 2006 with an increase in the number of jobs."

Default Research is adding a "monster of the midway" county next month - Cook County in Illinois. The expansion continues for the rapidly growing real estate research company, Default Research, which will begin offering leads for Cook County in June. Default Research will then cover eight of the ten largest counties in the nation.

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