Asset Foreclosure Services Releases New Website

Consistently high foreclosure filing rates spark the need for more website user-friendliness in the trustee company world. Asset Foreclosure Services, Inc. has answered the challenge.

Woodland Hills, CA (PRWEB) August 24, 2007 -- Asset Foreclosure Services, Inc. (http://www.assetforeclosure.com) announced the launch of their new website. "Heavy increases in foreclosure filings have brought about the need for an enhancement of our website in order to better serve our network of lenders," says Kelli Espinoza, Senior Vice President.

The new website includes an array of resources and tools such as state by state foreclosure processes and timelines, as well as lender access to the processing system. Once lenders have established their login names, they are able to view their files, obtain fees and monitor the status of their foreclosures, in addition to any other loss mitigation services. Lenders and investors will also be able to access the trustee company's most recent listings.

This hectic market, rooted in fears and uncertainties from the subprime mortgage meltdown, has shown no signs of slowing down. Realty Trac's recently released its Midyear 2007 U.S. Foreclosure Market Report, which shows a total of 925,986 foreclosure filings nationwide during the first six months of 2007. These numbers are up more than 55% from the first six months of 2006. The report indicates a 47% increase since March of 2006, which has amounted to 1 in every 134 U.S. homes being at some point in the foreclosure process. California leads the surge with a reported 39,013 foreclosure filings in the month of July, accounting for 21% of nationwide filings. These statistics make AFS' enhancement a timely one.

"With everything that is happening in today's market, now, more than ever, it is imperative to cater to the needs of our customers, helping them get through these tough times. That is what this website was redesigned to do," states Espinoza. In an effort to improve communication and procedures between the trustee company and its customer base, AFS has streamlined the online process to accommodate specific lender needs and respond to the continually growing numbers of foreclosure cases.

Asset Foreclosure Services, Inc., headquartered in Southern California, features a centralized approach, allowing them to specialize in a wide range of default servicing solutions and support to meet the needs of a diversified clientele including servicers, sub-servicers, banks, and private investors. The company offers nationwide in-house foreclosure, reconveyance, post foreclosure services and loss mitigation efforts.