Released on: October 17, 2007, 10:46 am

Press Release Author: Josh Chernikoff

Industry: Real Estate

Press Release Summary: Area Welcomes One Month Foreclosure Stabilization

Press Release Body: Mt. Pleasant, PA - Default Research, the fastest growing
foreclosure research company in the nation, is reporting that Detroit foreclosures
increased by 983 Notices of Sales Filed in September 2007 over the same time last
year.

According to Default Research (www.defaultresearch.com , the Notices of Sales from
August to September decreased in Wayne County by 374, followed by Oakland County
with 185 and Macomb County saw 141 less. Foreclosures on the whole did not change
over the past month with the Detroit area registering 4,265 Notices of Sales in
August as well as September.

"Although foreclosures increased in Detroit from September 2006, all three major
counties experienced decreases in the number of Notices of Sales filed over the past
month," said Serdar Bankaci, President/CEO of Default Research. "The improvement
over the past month was the first time in six months that Macomb, Oakland and Wayne
all saw their numbers decrease at the same time."

Bankaci was quick to point out that although the stabilization of the Notices of
Sales is great news, a brief month-to-month analysis does not provide an accurate
reading of the future for the region. Ralph Marcus Maupin Jr., co-founder of
National Real Estate Network LLC and a real estate professor at Wayne County
Community College, hopes that a year from now September will be seen as the turning
point in the foreclosure crisis for Michigan.

"It is very encouraging to see a drop in foreclosures in our market especially when
it stretches across the Detroit area," said Maupin. "Previously, I had seen a major
dive in local investors in this market because of the steady increase in
foreclosures every month. Now, I hope the drop in foreclosures will shift the
investors' outlook and concerns about the Michigan market.\"

Maupin, who uses Default Research foreclosure leads to be the first to approach
homeowners in trouble, has emerged as a real estate leader in the Detroit area.
While the Notices of Sales continue to increase, Maupin is also expanding his
business to help families in foreclosure.

"I am doing my personal best to try to stabilize the foreclosure situation in the
Detroit area," said Maupin. "The Default Research leads are my key to getting to a
property first, offering options to the families and then, hopefully, saving the
house from foreclosure."

Default Research is the national leader in foreclosure research. More information
about Default Research can be found at its Web site: http://www.defaultresearch.com.
For complete Default Research foreclosure statistics, a useful newsletter and
educational resources please visit http://www.newsletter.defaultresearch.com.

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If you would like to learn more about this topic, or schedule an interview with
Serdar Bankaci, please e-mail Josh Chernikoff at joshc@defaultresearch.com.

This Press Release has been submitted by PREasy.com


Web Site: http://www.defaultresearch.com

Contact Details: Default Research Inc
P.O. Box 663, Mount Pleasant PA 15666