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Instead of candy this Halloween, we thought we would offer good news to our loyal trick or treaters! Chew on this: in September home sales increased by 5.5 percent from August 08. You want more? Interest rates are declining and the government bank bailout plan finally being put into effect will lead to some spark in the real estate market.

You will read in this month’s newsletter that Detroit has seen foreclosure rates stabilize and, in some instances, decline from previous year figures. The real estate bubble has deflated to below market values and, with the actions taken by the federal government and new president, we expect to see the markets begin their climb soon. As the markets begin to come back, Default Research is getting better too! Read all about how Default Research is answering the calls for our coverage area to include Georgia and Nevada. We now have the freshest pre-foreclosure information for several counties in those two states.

Don’t be spooked by this sweet news. Run with it and get in while the prices are still "horrifyingly" low.

In an effort to satisfy the demand from our clients for new coverage areas, Default Research has added the states of Georgia and Nevada. The new counties in these states that will be featured in our pre-foreclosure lists are:

Georgia

Nevada

Clark County - Las Vegas

Our clients have made specific requests for the addition of Georgia and Nevada to Default Research’s pre-foreclosure lists, as well as the need for expanded coverage in Florida. With the unfortunate loss of ForeclosureDaily in the Florida region, there is a void that needs to be filled for the thousands of investors in the area. We welcome the ForeclosureDaily customers with our fresh data, verified phone numbers, and verified mailing lists.

Default Research plans to continue expansion into more areas; should you have a request for a particular state or county, please do submit it to http://www.defaultresearch.com/shoppingCart/contactPop. The more requests we get for a specific region, the faster that region will be added to our coverage area.

3.92 Percent of Homes in Broward County in Foreclosure

Default Research (http://www.defaultresearch.com), the premier provider of South Florida preforeclosure listings, is reporting that 13,298 South Florida lis pendens related mortgage foreclosures were recorded in September 2008; this is up over thirteen percent from August 2008.

"The market indicators continue to show declines in home prices while inventories slowly drop," said Serdar Bankaci, founder of Default Research. "As some areas of the country, such as Detroit, seem to be exiting the foreclosure crisis, approximately 3.54 percent of households in Florida are still in foreclosure. That number is significantly higher than the national average of two percent."

Bankaci also pointed out that although prices are continuing to decline, inventories are declining as well. That has created great deals in this region and as the local housing market continues to improve, prices will begin to rise too.

Although nearly four percent of homes are in foreclosure in Broward County, Miami-Dade is not far behind at 3.39 percent and Palm Beach at 3.30 percent. Although these numbers are still troubling, there is a light and warmer weather at the end of the tunnel.

"The ‘Florida Season’ is approaching and many people flock to the Sunshine state for the great weather," said Bankaci, whose foreclosure lists arrive two to three weeks ahead of the competition. "There are still a lot of deals in the region, and our clients have the tools and data to close deals on the discounted property."

Bankaci’s clients have an advantage because of the fresh and accurate Default Research foreclosure lists. "With more foreclosure on the market, it is essential for investors to get into the preforeclosure game early and be the first to approach homeowners. Our clients are those savvy investors who are able to help families in distress and purchase a home at a cheaper rate.

Below is a unique and accurate local look at how the Default Research foreclosure statistics (September 2008) affect your area:

Broward County Foreclosures - Hardest hit cities are Fort Lauderdale (497), Miramar (461), Hollywood (399), Coral Springs (373), and Pompano Beach (352)

Miami-Dade County Foreclosures - Hardest hit cities are Miami (2171), Hialeah (753), Homestead (638), Miami-Beach (228), and Miami Gardens (173)

Palm Beach County Foreclosures - Hardest hit cities are West Palm Beach (664), Lake Worth (354), Boca Raton (319), Boynton Beach (296) and Delray Beach (167)

Since 2004, Default Research has been providing the freshest and most accurate foreclosure data and statistics to real estate professionals and investors. Default Research’s proven data collection and distribution methods help us deliver our foreclosure lists two to three weeks ahead of the competition. The Default Research difference gives our clients a clear advantage in being the first to approach and help homeowners in distress. With the tremendous increase in foreclosure activity in the United States, Default Research prides itself on teaming up savvy real estate investors with struggling families to create a partnership that benefits both sides.

One of the many questions our new customers ask is, "which direct mail pieces work?" Our clients have seen consistent success due to strong marketing campaigns that are fueled by their direct mail pieces. Now, Default Research is looking for 10 direct mail pieces to post on our website and use as strong templates for our customers. Submit your successful example and, if it is chosen, we will send you a check for $50. In addition to the cash, Default Research will publish your web address, company name, and contact info on our website (optional). Please email you direct pieces to info@defaultresearch.com and we will contact you if your piece is chosen for this undertaking.

"Imagine Being Able to Consistently Get Seller's To Sell At A 20% to 50% Discount!"