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There seems to be a light at the end of this financial crisis and it is shining brightly up on Capitol Hill. With the long overdue government intervention in the banking industry, the country can expect the worst to be over. Washington's bailout plan (in whatever final form it is signed into law) should lead to an increase in lenders ability to extend credit and, for investors, mortgage brokers, and realtors to find new clients who are willing and able to buy properties. Simply said, the more credit available around the country means that more people will be able to buy the properties listed on our Default Research foreclosure lists.

There is more good news! Last month we saw, for the first time in our existence, a year over year drop in foreclosures in the Detroit area, which was one of the hardest hit areas in this foreclosure crisis. Be sure to check out the Detroit area press release to read about the drop in foreclosures from the same time last year.

As many of our loyal clients know, real estate is cyclical and it will circle back to good times soon enough. With the bailout plan in order, and with cities like Detroit's improving, the train seems to be getting back on track - next stop, more buyers looking to take advantage of properties at discounted prices.

As a realtor, your job is to find your clients the best property for the best price. Thousands of realtors are using the Default Research foreclosure lists to locate highly motivated sellers in financial distress for their clients. Default Research customers have the distinct advantage of targeting short sale leads by receiving our foreclosure lists two to three weeks ahead of the competition. The extensive lists not only arrive before other companies, our clients can easily search, organize, and utilize their customized lists of preforeclosure and foreclosure sales to suit their needs. With our lists, realtors have access to:

• Most up-to date information
• Verified phone numbers
• Verified mailing address
• Daily e-mails with listing
• 14 different search criteria
• LTV and market value
• Comparable property reports

Additionally, by being the first to approach the homeowner in distress, a realtor can obtain new listings and expand their personal market. Many homeowners in foreclosure are searching for a realtor who can offer options and find potential buyers for their property. By using pre foreclosure listings, realtors have ample opportunity to list the homeowner's property and sell it before the property enters full foreclosure proceedings. Our savvy clients know that often auctions do not take place for nine months from the day the first foreclosure document is recorded.

Foreclosures Down 8.4 Percent in One Year

Default Research (http://www.defaultresearch.com), the premier provider of Detroit preforeclosure listings, is reporting that 3,922 Detroit area foreclosures were recorded in August 2008, this is down 8.4 percent from August 2007.

"We have seen month to month increases recently in Detroit," said Serdar Bankaci, founder of Default Research. "We always emphasize the yearly statistics and now that we have seen an eight percent decline since August 2007, there is real reason to think the worst may be over in the Motor City. This is the first time we have seen a decline like this in our existence as a company."

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.

"Preforeclosures can be an excellent investment vehicle as they have much lower risk then buying at a foreclosure auction," said Bankaci, whose foreclosure listings arrive two to three weeks ahead of the competition. "Preforeclosure deals are made between an investor and a homeowner, so they buyer is able to inspect the property and arrange for traditional financing. In the case of buying from auction, these options are not available making for a risky purchase."

According to Bankaci, having the Default Research foreclosure lists becomes even more important as foreclosures decline and there are a smaller number of homes available at the discounted price.

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

Wayne County Foreclosures – Hardest hit cities are Detroit (1295), Dearborn (115), Westland (86), Dearborn Heights (79), and Taylor (77)

Macomb County Foreclosures – Hardest hit cities are Warren (138), Sterling Heights (64), Clinton Township (61), Eastpointe (58), and Roseville (55)

Oakland County Foreclosures – Hardest hit cities are Pontiac (91), Southfield (82), Farmington Hills (44), Waterford (43) and Hazel Park (40)

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.

Lenders can benefit from and help their businesses grow by taking full advantage of the Default Research list of preforeclosure and foreclosure properties in their areas. Here is a glimpse at the Default Research difference for lenders:

• Our Default Research statistics show that over 50 percent of homeowners in foreclosure are either in denial or ignore the obvious fact that their home is in foreclosure. Lenders with our lists can help homeowners in distress and offer them options.

• The faster a homeowner can accept the idea that they are facing foreclosure, the more options are available to the struggling family. Our clients have the ability to contact the homeowner before their competition so that they can offer their quality help and services before foreclosure actually happens.

• Be the first to approach the homeowner, build trust, and then you will have established yourself when they are prepared to refinance.

Default Research can offer mortgage lenders the opportunity to refinance distressed homeowners in foreclosure to more fiscally feasible mortgages. 30 year fixed rates are holding steady since last year, and by approaching the homeowner early in the foreclosure process, lenders have the opportunity to get these people out of their high interest adjusted arms.

Order the freshest leads from any Default Research county for six or more months and receive a free copy of, "The Pre-Foreclosure Real Estate Handbook: Insider Secrets to Locating and Purchasing Pre-Foreclosed Properties in Any Market."

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