Foreclosures Pick Up and Prices Continue to Drop

NEW YORK, June 1 /PRNewswire/ -- Another national flood of foreclosures, which
many are predicting for this summer, may soon be added to the database at
ForeclosureDataBank.com. These new listings are largely attributed to
continued job losses, and a growing number of homeowners falling behind on
their mortgages.

"There are just so many foreclosure listings on the market right now," Moises
DaSilva, CEO of Brivin Corporation, parent company for
ForeclosureDataBank.com, says. "In an area where options were once somewhat
limited, the choices are now absolutely amazing for first time home buyers and
real estate investors."

According to the Standard & Poors Case-Shiller Home Price Index that was
released this month, prices in 20 major metropolitan areas dropped by 18.7
percent in March when compared with the same month a year ago. That was about
the same as February and just shy of January's record plunge of 19 percent.

ForeclosureDataBank.com is the largest and most accurate foreclosures database
on the Web. Many of the homes listed on the website are 20 to 40 percent below
market value, making them more accessible to buyers who may otherwise have
struggled to purchase a home.

Currently, ForeclosureDataBank.com has more than 1 million properties
available in its database; updates are made daily. The website provides users
with an easy-to-use interface and 24/7 customer service and support.

In addition to its streamlined appearance, the website also provides
educational tools, search filter options and easy access to demographic
information pertaining to various neighborhoods.

"We work with our customers to ensure they have all the tools they need to
make a purchase that is right for them," DaSilva explains. "We help people to
navigate the process so the deal goes through. To be a successful investor,
people need to understand larger market trends as well as individual property
listings and we help them to do just that."

About ForeclosureDataBank

Established in 1998, ForeclosureDataBank is one of the most recognized online
foreclosure listing providers today. Drawing on the experience and expertise
of its team of real estate professionals from all sectors of the industry,
makes it possible for the company to offer a unique perspective on buying
foreclosures that encompasses a wide angle view of the housing market.

For more information, visit: www.ForeclosureDataBank.com.

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This release was issued on behalf of the above organization by Send2Press(R),
a unit of Neotrope(R). http://www.Send2Press.com

SOURCE ForeclosureDataBank

Alex Rolim of ForeclosureDataBank.com, +1-305-517-7264, uchoa55@gmail.com