Site Offers Free Foreclosure Listing Info

The Seatle-based ForeclosurePoint.com says over 60,000 investors, homebuyers and real estate professionals are now members of the website, which provides free access to full street addresses of more than 3 million foreclosure filings in the U.S. The company launched its free national service six months ago. The site offers information to identify foreclosure home-buying opportunities, including properties available through short sales, auctions and REOs. Buyers can search for properties by state, county, or zip code and see exact home locations, default filing dates, estimated property values, satellite images and other details. Once members find properties that interest them, ForeclosurePoint can connect buyers and investors with real estate agents who specialize in foreclosure and bank-owned properties. "Foreclosures represent the majority of inventory in many markets," said Dennis Green, general manager of ForeclosurePoint, a service of DepotPoint, Inc. "Buyer interest in foreclosure properties is high, but there is still a lack of transparency in this market which affects a buyer's ability to acquire distressed properties."