“Real estate became very liquid especially in the condo market. People would buy pre-construction pricing and that’s before the building was out of the ground, and then they would sell the contract while the building was being constructed and for huge gain sometimes 200% gains…. They were selling anywhere from $600,000 to well over a million dollars, and now there is an active foreclosure in this building for $219,000.”

The sprawling 2,500-acre estate called “Neverland Ranch” owned by pop music icon, Michael Jackson, is set to go up for sale for more than $24.5 million at a public foreclosure auction on March 19 in Santa Barbara County, Calif., according to MSN.com.

We’ve been monitoring this process since about November 2007 when Jackson initially defaulted on the mortgage loan — he owes the lender approximately $24 million.

To check out the listing on Foreclosure.com click here.

Here’s the latest update on the situation:

“Financial Title Co. filed the notice of trustee’s sale with Santa Barbara County Superior Court, setting the auction date for March 19. Court documents … warn Jackson that he has until the date of the auction to take action to keep his lavish estate.”

It’s interesting to note that the foreclosure filing indicates that everything in the estate will be included in the sale if it happens, from the merry-go-round to locomotives to sculptures.

Neverland Ranch will not, however, come equipped zoo animals — Jackson reportedly sold most of his exotic pets to Lake Powell Waterworld months ago.

They’re HIStory … and his mansion could be next.

Have you signed up for the FREE online training presentation, “Real Estate Planning 101,” which is taking place TODAY at 4 p.m. ET?

If not … what’s the problem?

Our resident real estate pro, Glen Daniels — who has been working all sides of the business as an investor, broker and loss mitigation specialist throughout the last two decades — will detail how to analyze and approach deals from beginning to end during this 60-minute FREE interactive Webinar training presentation.

Glen will teach you:

• How to determine property leads
• How to select a good real estate agent
• How to read and understand the “comps”
• How to check on potential investors/partners
• Tips on getting contractor references

To reserve a spot now CLICK HERE. Spots are limited.

It’s critical that investors cover all their bases when it comes to real estate. Do your due diligence and put together smart real estate deals that will break the bank!

Of course, we will also open the floor up to you during an interactive question and answer session. Remember, if the timing is bad and you can’t make the LIVE presentation today you should still sign up.

Remember: We will email you the recorded version as soon as possible. Therefore, there’s no excuse to not sign-up for this great training opportunity … it’s FREE!

Webinars are LIVE 90-minute educational sessions that let participants see, hear and interact with real estate experts right from their personal computer screens. In fact, Webinars are driven in part by visitor feedback and questions that are posed during the sessions. For more information and course offerings click here.  

Foreclosure.com will sponsor the WebMasterRadio.FM “Affiliate Bash” next week on Monday, February 25 at the Tao Las Vegas at the Venetian.

The evening event, which features an exclusive performance by Blue Man Group, is open to all attendees of the sold-out Affiliate Summit West 2008 that takes place at the Rio All-Suite Hotel & Casino from February 26 through 28 in Las Vegas, Nevada.

We invite all of our affiliate partners and other friends who will be in Sin City for the tradeshow to join us for some “fantastic food, premium open bar, and one of the most dynamic networking opportunities at Affiliate Summit.”

Doors open at 8 p.m. and don’t close until the last guest leaves.

According to the Web site, the Affiliate Summit serves the affiliate marketing professional community as the leading global source of learning and networking opportunities surrounding industry.

What exactly is an affiliate?

For more information on the Foreclosure.com affiliate program or to start making fast money online as an affiliate today click here.

Join us for a LIVE online presentation tomorrow (February 19) at 4 p.m. ET. and get the most out of preforeclosure deals with insider money-making secrets and tips that are proven to work!

“Turn Pennies into Profits with Preforeclosures” is a 90-minute online real estate investing training presentation with industry guru, entrepreneur and instructor, Lance Young.

Get the inside scoop on how to invest in preforeclosures — widely considered the safest, most profitable deals available in the distressed real estate market — with assistance from an investor (Lance) who has achieved enormous financial success thanks in large part to a preforeclosure approach and philosophy that generates positive results almost instantly.

Lance will teach you:

• The five common mistakes beginners make and how to avoid them
• How to find the right real estate agent and have him/her work for you
• How to find the right buyers for your preforeclosure deals
• Where to find the right homeowners in preforeclosure
• What and what NOT to say to homeowners in preforeclosure

This is an ideal educational experience for aspiring and experienced investors alike who want to get the most out of their preforeclosure deals.

To reserve a spot now CLICK HERE. Spots are limited.

Of course, we will also open the floor up to you during an interactive question and answer session. Remember, if the timing is bad and you can’t make the LIVE presentation tomorrow please remember that we will email you the recorded version as soon as possible … there’s no excuse to not sign-up for this great training opportunity!

Webinars are LIVE 90-minute educational sessions that let participants see, hear and interact with real estate experts right from their personal computer screens. In fact, Webinars are driven in part by visitor feedback and questions that are posed during the sessions. For more information and course offerings click here.