Foreclosure Business on the Rise: Default Research

Company connects troubled homeowners with companies that can help them
Company connects troubled homeowners with companies that can help them

RISMEDIA, October 24, 20060?There are two sides to every foreclosure story, and president and chief executive officer of Default Research (www.defaultresearch.com), Serdar Bankaci likes to write happy endings for each side.

?On one side are the homeowners facing foreclosure; on the other side are the people who earn a living from the foreclosure industry,? said Bankaci, whose company delivers its foreclosure leads two to three weeks ahead of the competition. ?What Default Research does is unite the two, so homeowners facing foreclosure can contact those companies that may be able to help them.?

Default Research has grown in the foreclosure space as foreclosures have increased in recent years.

?The Default Research leads are a key to success for all parties,? said Bankaci. ?Our clients get fresh leads and are able to help families in financial distress. Default Research is one of the fastest collectors and distributors of foreclosure data in the country.?

By creating an early link between the homeowner and real estate agents, investors, and mortgage brokers, Default Research allows the services of these companies to reach the distressed homeowners before the situation deteriorates. It provides the homeowner with a reliable resource to correct their problems before it is too late and their home is lost at auction.

?The problem of foreclosures has been nationwide, but the city hardest hit has been Detroit,? Bankaci explained from his Pittsburgh office. ?The entire Detroit metropolitan area is going to have increased foreclosures as auto makers continue job cuts. It is very troubling and I want homeowners to know they have options.

To date, Default Research reports for it 2006 foreclosure statistics:

State YTD Change in 2006

Arizona 71%

California 70%

Florida 60%

Michigan 81%

Nevada 90%

New Mexico 5%

Washington 11%

For more information, visit www.defaultresearch.com.