Default Research News Article

MT. PLEASANT, Pa., June 10 /PRNewswire/ -- The number of foreclosures has been heating up over South Florida since January 2006, with Broward County, up 50 percent, leading the other key counties, according to Default Research, the rapidly growing real estate research company for foreclosure properties.

"People who have been reading our market research analyses know that increased foreclosure activity has been a common trend in South Florida over the last year -- unfortunately Broward County has been the hardest hit," said Serdar Bankaci, president and chief executive officer of Default Research, Inc.

Broward leads South Florida with the most foreclosure activity, but Palm Beach and Miami-Dade are not far behind. Palm Beach is second with 37 percent and Miami is a close third at 30 percent. The worst part is, the double-digit increases that started back in May of 2005 do not show any signs of cooling off anytime soon.

"Investors are shying away from the Eastern coast and focusing on the Gulf coast which has seen significant decreases in 2006," said Bankaci, whose company provides foreclosure data that arrive two to three weeks ahead of the competition.

The freshest pre-foreclosure leads in the country allow Default Research clients the best opportunity to be the first to approach homeowners in distress. It is also the reason why Bankaci is able to credit his company with assisting thousands of families break out of economic distress.

"From South Florida to Southern California, investors have been able to use the Default Research leads to offer hope to families facing foreclosure. The leads provide a win-win for my clients -- the owners recover financially and the investor has a chance to realize a profit on a property," said Bankaci.

Default Research is launching an Internet database to help its clients work even faster and to search effortlessly through those requested pre-foreclosure leads based on their selected criteria. The new, easy-to-navigate Web database will be the ultimate tool for those interested in pre-foreclosure properties. Investors can now rapidly capitalize with the freshest leads in the nation.

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