Foreclosure.com Announces the Winners of its 2011 Scholarship Program

Foreclosure.com today announced the winners of its 2011 scholarship program, which rewards five current college students with a total of $9,000 to put toward their higher educations.

More than 10,000 current college students nationwide answered the call during the 2011 Foreclosure.com Scholarship Program, submitting essays of 800 to 1,000 words or more that answered the following question:

“You have acquired $150,000 in cash to be used specifically for a distressed real estate purchase such as foreclosures. Outline a detailed strategy that ensures the maximum return on investment, whether it is in terms of financial profit or personal satisfaction … or both.”

Cindy Clinton, a freshman at Parsons – The New School located in New York, N.Y., however, was voted to the head of the class by our panel of third-party judges, winning the $5,000 top prize.

“I am so grateful and excited to have been chosen,” said Cindy. “It is very challenging funding a higher education. Therefore, I thank Foreclosure.com for assisting students in achieving their goals by providing this scholarship. This award is a great financial help, putting me one step closer to fulfilling my dream of becoming a fashion designer. So, thank you, thank you, thank you!”

The program, which ran from Jan. 31 to Dec. 1, 2011, also awarded four $1,000 scholarships to the contest semifinalists (in alphabetical order):

  • Glenn Bonadio from El Paso, Texas, attending El Paso Community College
  • Zachery Eberl from Seattle, Wash., attending University of Washington
  • Mishay Kalan from Washington D.C., attending Georgetown University
  • David Katz from Los Angeles, Calif., attending University of Southern California

In addition to the five cash prizes in the form of scholarships, these winning entries will be featured on Foreclosure.com. To read Cindy’s winning essay visit the Foreclosure.com Article Center (www.foreclosure.com/articlecenter/foreclosure-com-scholarship-program-2011-winning-essay/). Essays from the other four semifinalists will soon be added to the website.

“The submissions continue to get better every year and our judges have met the task of picking exceptional essays,” said Foreclosure.com Director of Education, Linda Yates. “It was exciting to see how creative the essays were in response to this year’s topic and to get a glimpse into the applicants’ individual strategies and thought processes.”

In addition to all the students who responded, Foreclosure.com would like to acknowledge the esteemed panel of judges who selected the five finalists:

  • Susan Wachter, University of Pennsylvania
  • Michael Kraten, PH.D., CPA, Sawyer Business School at Suffolk University
  • Maureen Kraten MBA, CMC, Sacred Heart University

“Thank you to all of our judges for their time and hard work,” said Yates. “We appreciated their dedicated service to this program.”

Yates indicated that the company has already announced the 2012 Foreclosure.com Scholarship Program, which will once again run for the entire year until Dec. 1, 2012. To read the new topic, as well as learn more about the eligibility/submission requirements, visit the Foreclosure.com scholarship page (www.foreclosure.com/scholarship).

Foreclosure.com introduced its scholarship program in 2009. Since that time, the company has awarded 15 deserving college students throughout the United States with a total of $27,000 in scholarship money.

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