Foreclosures Continue Upward Trend in Arizona

Default Research unveils 10 percent foreclosure increase in Maricopa County
Default Research unveils 10 percent foreclosure increase in Maricopa County

RISMEDIA, November 14, 2006?The number of foreclosures in Maricopa County (AZ) increased by 10 percent in October, according to Default Research (www.defaultresearch.com), the rapidly growing real estate research company for foreclosure properties.

?Our company has been tracking foreclosure numbers in Arizona since 2004,? said Serdar Bankaci, president and chief executive officer of Default Research, Inc. ?Unfortunately the trend has been rather consistent ? foreclosure rates have been going up for the past three years.

This month is no different, and, Bankaci added, the higher interest rates are the main culprit for the escalating foreclosure rates. In fact, with the rising adjustable rate mortgages, combined with minimal appreciation and mounting home inventories, he does not see a slowdown in the foreclosure activity. Bankaci also predicts increased activity on the Default Research database from clients in Arizona.

?The proof is in the numbers from our redesigned database. Default Research is now the leading provider of foreclosure data in the state,? said Bankaci, who just unveiled a revolutionary Web site to deliver the freshest leads in the foreclosure business even faster. ?With our constantly improving foreclosure database, we are the number one too for investors, credit counseling agencies and lenders who want to be the first to approach homeowners in distress.

In order to do this, Bankaci?s formula is very simple. Default Research provides accurate and timely foreclosure leads in a functional manner. The result is satisfied customers and national recognition.

?In Arizona and other states, Default Research is proud to be the main tool to bring people in foreclosure together with foreclosure professionals,? Bankaci said with a smile. ?By providing data two to three weeks ahead of the competition, Default Research allows foreclosure experts the time to work with homeowners before auction ? a win-win for both parties.

For more information about Default Research visit: www.defaultresearch.com.