Foreclosures Increase More than 300 Percent in AZ CA and FL



Foreclosure filings since September 2006 in Arizona have increased 310 percent, while in California they rose 422 percent and Florida's foreclosures are up 316 percent, according to Default Research (www.defaultresearch.com). "Many properties around the country -- and especially in Arizona, California and Florida -- are being returned to the banks through the foreclosure process. With escalating home inventories up, home sales down about 13 percent from last year and median home prices remaining relatively stable, the market is pretty dismal."

The outlook is not bleak for Default Research (www.defaultresearch.com) are always trying to offer their clients foreclosure advice to help families in distress and realize a profit, the company does not see inflating foreclosure statistics as an appropriate method of increasing their own business. In fact, Bankaci proudly points out the accuracy and dependability of his foreclosure statistics as some major newspapers around the country begin to report that certain foreclosure research firms are over-reporting statistics for self gain.

"While our numbers seem lower or conservative compared to other foreclosure research companies, I know they are accurate and I am confident that each foreclosure property is counted only once," said Bankaci. "I have known for years that many firms report the same property in their statistics between five to ten times, which severely over-inflates their numbers. Default Research only reports a specific property once as it proceeds through the foreclosure process, and this is a much more accurate representation of the current market."

For a full listing of all of the foreclosure statistics in the counties covered by Default Research, please go to www.defaultresearch.com.

If you would like to learn more about this topic, or schedule an interview with Serdar Bankaci, please e-mail Josh Chernikoff.

Contact:

Josh Chernikoff

Default Research

1-888-211-8396 x705





Foreclosures Increase More than 300 Percent in AZ CA and FL




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