The results are in!

We are excited to announce the winners of the 2009 Foreclosure.com Scholarship Program have been officially selected. Out of more than 1,200 essays, the judges have chosen the top five, with one grand prize winner and four semifinalists.

And the the grand prize winner is (drum roll please!) … Andrew Dewar.

Andrew — who will receive a $5,000 scholarship to use toward his college education — is a senior at Kennesaw State University located in Kennesaw, Ga., majoring in veterinary medicine.

Congratulations Andrew!

The semifinalists, who will each receive $1,000 scholarships,  include:

• Elizabeth Panella from the Tufts University in Medford, Massachusetts
• Luke Paulsen from Princeton University in Princeton, New Jersey
• Mark Cantora a law student at Hofstra University School of Law in Hempstead, New York
• Kelly Kinkade from Oakland University in Rochester, Michigan

Foreclosure.com would like to thank all the colleges and universities for their support and all the participants who submitted essays to the competition. Many bright, young minds participated in the essay contest, offering a great assortment of ideas and solutions to the current economic crisis.

All winning essays will be available to read Tuesday, Feb. 2, 2010.

What a success!

The 2009 Foreclosure.com Scholarship Program has closed with a bang thanks to a truly overwhelming response.

Students from across the nation at schools such as Northwestern University, University of Virginia, University of Miami and University of California, among countless others, eagerly submitted their essays on “How to Solve the Foreclosure Crisis” up until the final hour.

When the dust finally settled, the Dec. 31, 2009, submission deadline was met with an overflow of essays tallying more than 1,000!

Now the hard work for our review panel, which comprises a collection of professors in the fields of law, real estate and economics, can finally begin.

The results of the essay contest will be announced on or around Jan. 31, 2010, when five talented winners will be chosen based on creativity, originality, writing ability and overall excellence. Remember that the first place winner will receive a $5,000 scholarship toward the college or university he or she attends (or plans to attend), and the four semi-finalists will each receive $1,000 scholarships.

We’d once again like to issue a big “THANK YOU” to all the students who participated in our inaugural scholarship program. And, of course, we’d like to also commend the hundreds of colleges and universities who actively promoted the scholarship.

Be sure to check back next month as the winners of the essay, “How to Solve the Foreclosure Crisis?” will be announced and their essays posted to the Web site.

Good luck!

Attention students!

The 2009 Foreclosure.com Scholarship Program deadline is closing in — only three weeks remain.

All essays need to be submitted no later than 11:59 p.m. on Dec. 31, 2009. That’s only 23 days left to come up with an original solution to “Solve the Foreclosure Crisis.”

So get your thinking caps on now and win cash for college before it’s too late.

Essay finalists will be selected no later than Jan. 31, 2009. Our grand prize winner will receive a $5,000 scholarship, while four  additional semifinalists will each receive $1,000.

For complete details and submission requirements/instructions for the Foreclosure.com Scholarship Program visit www.foreclosure.com/scholarship.