The US economy is on a tailspin what with foreclosures at an all-time high. Now, the market will receive a boost with the introduction of new software. This keeps a record of more than 1.6 million homes that includes distressed properties. This has been made by RMS Public Relations. Visionary Apps LLC owns the software. This software helps users to look for foreclosed properties and homes owned by banks.

Suppose a person who wants to buy a particular property, all he has to do is to open the software and he could get all the necessary details about that property. Even contact details of the realtor could be got on the iPhone.

Already the software created a lot of impact ever since it was launched two months ago. What is interesting, the software is available free. All that one has to do is to download it from iTunes. The Founder of Visionary Apps, Dan Burns says that he liked that the software was developed so fast. The software has also been given adequate exposure. People have come to know about the distressed property listings.

The RMS team has also come up with a media representatives list. It has also developed iPhone applications for the market. All this could cost more than $16 million as ad costs.
There are three main applications that are known as Rentals, Homes and Foreclosures. These are expected to help people find homes. It may be pointed out here that the real estate market in the US is in a tumultuous state.

As unemployment peaks, people are unable to pay mortgage. Hence, foreclosures have become common. The worst affected states are Arizona, Nevada and California. The government has come up with a program to help troubled homeowners. As part of the program, the loans of homeowners are being revised, first on an experimental basis of three months, and then permanently. Initially, the program started off on a slow pitch but the Federal government has now asked lenders to hurry up.

Many homeowners complain that banks are slow in responding to their query. Either they are not picking up the phone or they are evading, say homeowners. The program will also not help those owners whose homes are underwater. That means homeowners owe more on these homes than they are worth. Hence, many are walking out of the homes in order to retain their credit scores.

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