Real Estate Central

Innovative Website Features Internet’s First Database of Active Homeowners
Behind on Mortgage Payments

HERMOSA BEACH, Calif., May 20 /PRNewswire/ — Internet marketing firm
The Wisdom Companies, today launched Homesedo.com
(http://www.homesedo.com), an innovative foreclosure information site
featuring the first online database of homeowners who are behind on
mortgage payments and actively seeking a solution to their mortgage
nightmare. This new type of foreclosure information, which Homesedo terms
“Active BOPs” (Behind on Payments) enables investors, service providers and
real estate shoppers to capitalize on the boom in foreclosure properties by
accessing the earliest and most valuable pre-foreclosure data available.

“Homesedo offers the freshest foreclosure data possible — data
provided by the homeowners themselves — presented alongside public record
pre-foreclosure, foreclosure and REO property information found on
traditional foreclosure sites,” said Tim Edwards, President of The Wisdom
Companies, “It’s really the best of both worlds for someone interested in
making money in foreclosures or someone looking for a great deal on a home
in their area.”

Typical foreclosure sites mine public record information to populate
their databases of foreclosure properties. Edwards says that public record
information can be problematic. “Public record information is passive
data,” he explains, “an investor can find out that a homeowner is headed
for foreclosure, but the investor doesn’t know if the homeowner has already
left the house or if they even are interested in their services. Homesedo
solves that problem. Our leads want to talk to someone. They need help, and
they are reaching out. At this stage, service providers have the most
options; be it a short sale, a mortgage loan, loan modification or a home
purchase.”

With the record number of homes falling into foreclosure there has
never been a better time to find a real estate deal. Homesedo offers
monthly a subscription for $49.95, which includes unlimited access to
foreclosure and REO information, as well as downloads of 10 BOP records.
Additional downloads are priced at $9.95 each. To celebrate the site’s
launch, the company is offering a free 1 week trial.

The Wisdom Companies is a premiere online marketing firm. Over the past
six years, the company’s BigMortgageLeads.com division has connected over
500,000 borrowers with lenders, mortgage brokers and banks throughout the
country. The company recently launched a foreclosure prevention site,
http://www.homeforeclosurefighter.com, along with insurance, credit repair,
debt settlement and tax debt lead channels.



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Source: Real Estate Newswire