San Diego, CA (PRWEB) July 24, 2009
Home owners now have a new tool named a FOPI score to assist recognize their danger of facing foreclosure. FOPI is an acronym for Foreclosure Probability Index, a numerical representation of the likelihood to shed real estate home due to foreclosure. The FOPI score is the outcome of analysis by Project HomeWatch a San Diego area business committed to supplying important resources for individuals who are losing their homes and companies due to the fact of economic troubles.

“Just like a FICO score basically measures a person’s capacity to spend on their credit or loan, a FOPI score reflects activities on the foreclosure timeline,” explains Egbert Oostburg, Director of Outreach at Project HomeWatch. He adds, “Understanding the FOPI score will help home owners determine actions they can take to either get via, or keep away from, foreclosure altogether.”

The FOPI score is generated by a proprietary on the internet monitoring technique named “The HomeWatch Tracker.” Via the use of information calculation algorithms and data supplied by Very first American Corelogic, a FOPI score is produced on a scale of to 500. The HomeWatch Tracker continually tracks any pending activity against a home which includes: preliminary injunctions, liens, notice of default, notice of trustee’s sale, notice of sheriff’s sale, and other elements, and allows a homeowner to monitor all elements of their home’s house worth. Any essential changes affecting foreclosure status trigger alternatives for managing the method.