Foreclosure Database™ Launches With 132,000 Filings

More than 132,000 South Florida foreclosure filings and counting are now available in a realtime, searchable database created by the real estate consultancy Condo Vultures® LLC.

The Foreclosure Database^TM provides the most up-to-date list of Lis Pendens and/or Notices of Default initiated in the volatile real estate markets of Miami-Dade, Broward, and Palm Beach counties.

With practically every one of the 227 foreclosure actions filed each business day in South Florida since 2007, the Foreclosure Database^TM provides users with critical context and current information on projects, lenders, and borrowers that is essential in the due diligence process.

"The value of the Foreclosure Database^TM comes in the ability to quickly pull up customized lists of addresses, owners, lenders, loan amounts, judgment amounts, and more that is searchable by county," said Peter Zalewski, a principal with the Bal Harbour, Fla.-based advisory firm Condo Vultures®. "Every business day we upload the latest foreclosures filings to ensure that our clients have the most updated information possible."

With about 5,000 foreclosure actions being filed every month in South Florida, many investors, appraisers, and lenders find it difficult to stay informed about the state of the market in a particular building, let alone a neighborhood or even a city.

The Foreclosure Database^TM is proprietary software that was created to eliminate that anxiety by assisting decision makers to obtain a better understanding of the rapidly changing South Florida market.

Condo Vultures® attempts to accomplish this objective by providing users of the Foreclosure Database^TM with the names of the buildings, the addresses, loan amounts, property values, the borrowers, the lenders, filing dates, and the plaintiff attorneys.

Founded in 2006, Condo Vultures® is the information company that has been releasing quarterly rankings of the top 10 South Florida condominium and townhouse projects with the highest number of foreclosures since 2007.

For the first-time ever, Condo Vultures® is making this valuable resource available to subscribers on a monthly basis with no contract for 30 days of unlimited access to the foreclosures being filed from Miami Beach north to West Palm Beach.

"Our mantra from the inception has been market intelligence," said Zalewski, a former financial journalist who has lived in South Florida since October 1993. "We believe that accurate, current information always has an empowering effect on buyers, sellers, lenders, and appraisers in a real estate transaction. In today's volatile South Florida market, accurate information more than ever is essential to buyers who are trying to capitalize on the real estate correction."

Peter Zalewski is a principal with the consulting company Condo Vultures® LLC and a licensed real estate broker with Condo Vultures® Realty LLC. Peter can be reached at 305-865-5629 or by email at peter@condovultures.com. Be sure to check out Peter's blog at CondoDump.com. Don't forget to sign up for our weekly Market Intelligence Report for detailed condo reports. Looking for a property at a deep discount? You are encouraged to take a peek at the Vultures Database . Our new books Miami's Great Condo Crash: A Chronicle of the Boom and Bust and the Official Condo Buyers Guide To Miami is now available. Want to see every foreclosure filed in South Florida since 2007? Check out our Foreclosure Database.

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