FORT MYERS, Fla. — Federal Reserve Chairman, Ben Bernanke, recently announced that delinquencies and foreclosures in the subprime mortgage market are likely to rise even more; has reacted to the news and launched a web site to help people affordably list their homes before becoming a foreclosure statistic.

According to a recent financial report, over the next few years, more than three-quarters of the nation’s housing markets will suffer some decline in home prices; many will experience double-digit hits in a forecast that has worsened considerably in recent months.

So, what sounds better, having a house repossessed or selling it for a profit? Option number two is the obvious one, but what about those costly real estate listing fees?

Foreclosure By Owner Foreclosure By Owner ( is an affordable way for people to list their homes. Their service brings together buyers and sellers and home information is provided by the seller. Price and sale terms are negotiated between the two.

In fact, the company is so confident that they can help people to sell their homes that the service is free for the first 30 days. After that, the cost is only $1 per day ($30 per month) to cover the actual cost.

“It’s the least expensive way to list a home, nationwide,” Clayton Jackson Harlan, owner, said.

Nationally, foreclosures are up 115 percent from one year ago, with one foreclosure for every 510 households. And, the foreclosure process just takes 51 days. According to Harlan, everyone is just two paychecks away from being homeless.

“And, the jump in foreclosure filings for this month might be the beginning of the next wave of increased foreclosure activity as a large number of subprime adjustable rate loans begin to reset,” Harlan said.

Losing a home creates personal financial distress, and adds volatility to an already unstable economy. That’s why ForeclosureByOwner wants to help people sell their homes.

Mentored by real estate experts since the start of his career, Harlan was one of the youngest real estate investors in central Florida to buy and sell a home, for a profit, in less than six months. requires no contracts; subscribers may cancel at any time.

[tags]ForeclosureByOwner Real Estate Listings, Foreclosure By Owner, Clayton Jackson Harlan[/tags]