New online foreclosure listing services launched to help consumers save money on home purchases.

Boca Raton, FL March 24, 2004 -- In recent years Foreclosures have hit an all time high according to the Mortgage Bankers Association of America. In California alone, properties ending up in foreclosure have jumped 30% in the last two years, creating an ample opportunity for real estate investors and traditional homebuyers to find great deals on new home purchases. Companies like The Real Estate Library who aggregate foreclosure listings have seen an increase in interest in their services over the past year. "We have had an impressive growth period over the last year" says Todd Beitler, Company President. "Because the economy has been so depressed, homebuyers are more interested than ever in getting more home for their dollar."

The Real Estate Library's flagship product, ForeclosureNet.net, has been offering online access to foreclosed properties for over 8 years. "The interest has always been there" Beitler says, "but now more and more people are beginning to understand the value our properties have, realizing that foreclosures can and do represent every type of property out there". Many consumers believe that Foreclosed Properties are damaged homes in bad neighborhoods. The fact is, nearly 4% of all mortgages in the United States go into default. To offset subscription cancellations, TREL's listing service allows consumers to freely browse properties in their area before becoming paying members of the service, giving them a sneak peek at the property locations. "We want our customers to make an informed buying decision, so they get what they're paying for" Beitler adds.

TREL has also recently inked deals with industry heavy hitters LendingTree.com, HomeGain.com and ServiceMagic.com to provide lending, Realtor and Contractor services to its site visitors. "We want to be a one stop shop for the homebuyer, complimenting our data with relevant industry leading products and services ". TREL also owns and operates Bankhouses.com, BankForeclosurelist.com and NewJerseyPreforeclosure.com.




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