Charlotte Foreclosures Stabilize in September 2007

Charlotte, NC, October 20, 2007 --(PR.com)-- The number of foreclosures in Mecklenburg County in September 2007 has increased from 511 to 513 new filings over the same time last year, according to Default Research (www.defaultresearch.com), the fastest growing foreclosure research company in the nation. The company’s very current foreclosure statistics also showed that Mecklenburg County decreased last month from 560 foreclosures in August to 513 in September.

“Truth is, while several major cities around the country are suffering through a foreclosure crisis, Charlotte has actually avoided the problem and is fortunate to still have home prices continuing to increase,” said Serdar Bankaci, President/CEO of Default Research. “It is also important to note that many of the Mecklenburg foreclosures are ‘starter’ homes, purchased by people who realistically could not have afforded them in today’s market.”

Homeowners’ being forced to sell presents a win-win for Default Research clients in Charlotte because an investor with the Default Research leads can be the first to approach the owner, help them out of financial trouble and also profit by buying the property at a discounted price.

“Keep an eye on Mecklenburg County’s north and east sides for great purchases where the properties are already a bit cheaper,” said Bankaci, whose foreclosure leads arrive two to three weeks ahead of the competition. “With our leads, a person can very easily buy a home for less and in a location that, according to the US Census Bureau, is one of the top 100 fastest growing counties in the country. And, you can’t find those deals in many other areas in the country.”

Default Research is the national leader in foreclosure research. More information about Default Research can be found at its Web site: www.defaultresearch.com. For complete Default Research foreclosure statistics, an informative newsletter and educational resources please visit http://www.newsletter.defaultresearch.com.

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