User:Ahuramazda8/FBO-RE

Foreclosure By Owner is somewhat like a "Global Billboard" so to speak for the advertisement of homes for sale, significant in light of the subprime mortgage crisis. The purpose of the website is to provide home owners with a free listing service which can be easily and quickly viewed by any potential home buyer. Rather than pay an exorbitant fee for a broker to list your home for sale, it can be done here by the owner, free. Thus the name "Foreclosure By Owner (FBO)"; the home owner beats the bank to the punch.

The creator and owner of this site, Clayton Harlan, developed and brought this idea to fruition months before the foreclosure crisis had become apparent to most home owners but unfortunatley the service was not utilized.

The notability of this article centers around the Financial crisis of 2007-2009 from which new and unique economic and business conecpts are beginning to spring. FBO Realestate is an example of this reaction to the changing financial circumstance.

Web

 * Foreclosure By Owner website