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Check the foreclosure history on a home before you buy
Finally we have the ability to track the foreclosure history on an individual home. This will give the user the ability to determine if the house has been foreclosed on multiple times. If someone finds the house has a history of foreclosure it should raise a red flag and further investigations are warranted. It appears that this is only available currently in Atlanta, Georgia markets but hopefully it will be available nationwide soon.
-This is an excerpt from an article on eMediaWire-
Atlanta, GA (PRWeb) February 21, 2007 -- "Equity Depot announced today the release of RealCheck, a new product that allows customers to find historical foreclosure information on properties to identify potential fraud, suspicious "flipping" activity and view previous foreclosure activity on a property.
RealCheck is a comprehensive on-line database which has over 5 years of history in the Atlanta metro area including owner name, lender, property address, deed book & page. The product is an instant service which can be checked using an owner's name or property address.
"Our customers have a tremendous need to instantly check past foreclosure history on owners that have defaulted in the past or properties which have been foreclosed on multiple times. We have many instances where the same properties and owners have appeared in our database multiple times. RealCheck puts the power to check this information at loan origination or during default to track people, properties or the associated history trends" said Mark Sulimirski, Chief Product Architect..."
http://www.emediawire.com/releases/2007/2/emw506444.htm
Related Entries
- Bankruptcy did not help me - December 7, 2007
- Can you explain the foreclosure process? - June 7, 2006
- Beware the Lure of Home Buying - April 16, 2007
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