Massapequa NY (PRWEB) Could 20, 2010
A newly launched NY foreclosure site, ForeclosureTek Inc. (http://www.ForeclosureTek.com), is aiming to assist folks nationwide. Originally founded in 2006 by Lawrence Cipollone, Jr. as United Foreclosure Options, the web site has a new concept and ideology. Cipollone, a pioneer in the foreclosure organization with mortgage industry roots, predicted the monumental crash in the housing industry as nicely as the economy. I knew there was a crisis coming and people would require direction and rapidly.

With government programs in flux and much more folks struggling to pay their mortgages, Cipollone wanted to launch a new website for the public. This is a site that hyperlinks you to the bottom line. Do you qualify for a loan modification under the new Obama Strategy? You never ever know what directives the government will release that might support your scenario. If you want to stick to housing news, you should be following us. You can even comply with us on Facebook and Twitter.

Cipollone sees another wave of trouble coming: public sector workers are losing their jobs in record numbers as government budgets collapse. Add this onto of the 10% unemployment and Cipollone see this as the ideal storm. He also suggests that new wave of people entering into foreclosure have no equity, but paradoxically, do have excellent credit and low risk loans.

“This is the other shoe to drop. Even though I believe the values in New York have somewhat stabilized, I never believe anybody need to be seeking for a V shaped recovery. Its a wonderful time to get.

According to Realty Trac foreclosure filings have been reported on 333,837 properties in April, a nine-percent decrease from the previous month and a two-percent reduce from April, 2009 — the 1st annual lower since January, 2006. Nevertheless, Cipollone is quick to point out that REOs (bank owned properties) are up 45% from a year ago. Thats enormous, says Cipollone.

Cipollone has tapped Resolution Realty owner Salvatore Chierico to perfect the quick sale acquisition finish of the company as nicely as retailing the portfolio properties.

ForeclosureTek is also positioning itself to sell ForeclosureTek Affiliates to choose real estate offices in the metro-New York location. When men and women see our sign, theyll have the comfort of knowing they can get foreclosure help or obtain a distressed house at a wonderful discount.

The ForeclosureTek network also buys and sells all varieties of true property, from estate sales to the buy non-performing notes and REOs from key banks. For far more info, please go to http://www.foreclosuretek.com.

Make contact with:
Lawrence V. Cipollone, Jr., President
Foreclosuretek Inc.
5418 Merrick Road
Massapequa, NY 11758
516-798-Assist (4357)

ForeclosureTeks site was built by Atomic Lantern, Long Island, NY

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