Quick Pitch: New interactive report provides quantitative and qualitative information, offering data, advice, tools and action plans for consumers along every stage of the foreclosure continuum. www.cyberhomes.com/foreclosures
Full Release
(Jacksonville, FL – April 15, 2009) – Cyberhomes.com, a leading consumer real estate information portal and a division of Lender Processing Services, Inc. (LPS), a top provider of integrated technology and services to the mortgage industry, today announces the availability of its Foreclosure Report – a comprehensive resource for consumers in any stage of the process. Available to consumers at www.Cyberhomes.com/foreclosures, the free Foreclosure Report provides a detailed explanation of the process, listings, interactive maps, tools and resources to turn to for help – all in one place online, vividly illustrated.
“The reality for distressed homeowners is that everyone – including lenders, local government, and of course the homeowners themselves – is motivated to help find a solution, but oftentimes the infrastructure simply does not exist to offer the type of simple and effective help consumers need,” said Marty Frame, General Manager of Cyberhomes. “With Cyberhomes’ Foreclosure Report, we are able to provide consumers one place to get free comprehensive information, tools and actionable advice, no matter where they fall on the foreclosure continuum.”
According to the Mortgage Bankers Association, as many as 70 percent of people who have lost their home to foreclosure never attempted to contact their lender for help. The top reason listed for the lack of communication was that consumers did not think their lender could offer any assistance. With a tsunami of foreclosures, and distressed consumers staying silent, the need has never been greater for a concrete source of information and advice. Cyberhomes is a proven source for compelling data and offers the type of information consumers need with the Report.
A standout feature of the Cyberhomes Foreclosure Report is the Timeline, which details the process, step-by-step. Consumers can determine where they fall on the timeline, and get a detailed explanation of what to expect at that point in the process, what to expect next and what action is recommended for each particular stage going forward. In addition, the Report features:
- Real life stories from distressed homeowners who have saved their properties, and those who are currently in the foreclosure process.
- Compelling galleries of markets and neighborhoods that have been hit hardest by the surge and special reports on those areas that are thriving.
- An interactive map to find local foreclosure assistance.
- Advice to homeowners on the right loan modification to consider and how to avoid mortgage rescue scams.
- A glossary of foreclosure terms and definitions to help make sense of what consumers may be reading online, hearing from their lenders or receiving in the mail.
- Nationwide database of for-sale listings of foreclosed homes, searchable by zip code or neighborhood.
- For real estate investors, tips on buying a distressed or foreclosed property.
The Foreclosure Report is free for consumers and available now at www.cyberhomes.com/foreclosures.
