ForeclosurePoint.com Free Foreclosure Listings

August 10, 2008

SEATTLE, June 25 /PRNewswire/ — ForeclosurePoint, which provides all of the informational tools and resources needed to effectively acquire foreclosure properties, today announced the nationwide launch of ForeclosurePoint.com, the only national foreclosure marketplace that provides free access to full street addresses of more than 1.2 million foreclosure properties in the U.S. Other foreclosure websites, including RealtyTrac and Foreclosure.com, make you pay to see data that ForeclosurePoint.com now provides for free, including complete property street addresses.

“Below-market deals are virtually everywhere, but consumers still have a difficult time accessing the market,” said Prakash Kondepudi, President and Chief Executive Officer, ForeclosurePoint. “Until today, investors, homebuyers and real estate professionals had to pay to see even basic information about potential foreclosure opportunities. But we’ve changed the rules. With the nationwide launch of ForeclosurePoint.com, it’s now free and easy for buyers and their agents to see specific property information and pursue foreclosure deals.

“In fact, using our new free service, an investor or agent working on behalf of a buyer could identify a specific property, go knock on the owner’s door and make them an offer. Or buyers can request help or additional information on specific properties from local real estate professionals working as ForeclosurePoint-designated experts. No other website empowers you to do that for free. This is not a trial offer or other gimmick, but a truly free service.”

ForeclosurePoint.com’s free membership service, available at http://www.ForeclosurePoint.com, also provides default filing dates, estimated property values, estimated opening bids for properties at auction, satellite images and other property details.

John Hong, a homebuyer in the Seattle area where ForeclosurePoint is based, used the company’s local service over the past few months to help identify discount buying opportunities. “Their system is a goldmine of information,” he said. “Once I found a couple properties I was interested in, I was able to contact a local Foreclosure Expert through the ForeclosurePoint service. They helped me buy my new house at a significant discount.”

Matt Steel is a Realtor and Foreclosure Expert with Seattle’s RealEstateInvestmentFirm.com. “With the help of ForeclosurePoint’s free local service, my clients are able to do initial research on properties they’re interested in. Then I help them structure the transactions, including bidding at auction. ForeclosurePoint.com is definitely the place to start in your search for foreclosure property opportunities,” he said. To learn more about ForeclosurePoint, visit http://www.ForeclosurePoint.com or call 866-841-5641.

About ForeclosurePoint

ForeclosurePoint, a service of DepotPoint, Inc., is opening the door to the foreclosure market. With more free, detailed property information than any other national foreclosure marketplace, as well as foreclosure property tracking services available nowhere else, ForeclosurePoint provides the most effective way for homebuyers, investors and real estate professionals to pursue below-market property deals or facilitate distressed property transactions.

ForeclosurePoint is based in Bellevue, Wash., outside of Seattle. Visit http://www.ForeclosurePoint.com for more information.


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