Foreclosure.com to provide ERA Real Estate agents foreclosure training and certification opportunities

PARSIPPANY, N.J. (April 08, 2009) — ERA Franchise Systems LLC announced a comprehensive distressed property training and certification program for all of their brokers and sales associates nationwide. This program will provide ERA® affiliates with the training necessary to help educate and serve current homebuyers with regard to distressed properties.

The goal of the training and certification program is to provide ERA sales associates with the knowledge and skills to handle all types of distressed real estate transactions through the Foreclosure.com Certified Foreclosure Agent program. The program offers training and recognition to real estate professionals on numerous topics, including short sales, pre/post foreclosures, REO auctions and other related investment options that fall under the distressed real estate umbrella.

“Sales associates today need to know how to handle and closevarious real estate transactions more than ever before,” said, Melody Bohrer, vice president of education, ERA Franchise Systems LLC. “Certified Foreclosure Agent training ensures that our sales associates are properly prepared, up to speed on the latest trends and have the skills necessary to be successful in this market.”

The education track entails a progression of online courses that sales associates can conveniently attend from their homes and offices through the internal ERA training platform on eCampus. ERA sales associates can access the Certified Foreclosure Agent program offerings and select the curriculum that is right for them.

Additional information on the Certified Foreclosure Agent program offered through Foreclosure.com can be found right here.

Best foreclosure deals in decades creates major surge in online visits at Foreclosure.com

Boca Raton, Fla., April 7, 2009 — Foreclosure.com (www.foreclosure.com) today announced that its Web site traffic has increased more than 30 percent since this same time period last year because of the increased interest among prospective buyers in distressed real estate, including preforeclosure, foreclosure, short sale and other amazing deals.

Historically low home prices, as well as interest rates, and the recently-signed American Recovery and Reinvestment Act from the new administration on Capitol Hill that offers first-time homeowners a no-strings-attached $8,000 tax credit to put toward their principal residences, are all key factors in the recent surge in interest on the Web, according to Foreclosure.com Vice President, James Houston.

“Our servers are getting crushed around the clock,” said Houston. “We have noticed a significant increase in traffic over the last few months, which we attribute to several factors that have created a ‘perfect storm’-like situation.”

Foreclosure.com — already America’s largest and most trusted source for distressed real estate information — is among the top 20 online real estate destinations on the Web, placing twelfth for visits on a recent report from HitWise.com — the leading online competitive intelligence service – for the week ending on Feb. 28.

It’s perhaps no coincidence that the National Association of Realtors® issued a report just last month, revealing that foreclosure-related purchases comprised more than 40 percent of real estate sales nationwide.

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Sheriff sale cancellations are up in March 2009

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Boca Raton, Fla. — Foreclosure.com (www.foreclosure.com) today announced that it has detected a 30 percent increase in sheriff/trustee sale cancellations when it compared March 2009 data to figures from exactly one year ago, signaling that banks and lenders are having success resolving loan situations with distressed borrowers in default.

It’s a positive sign that could mean more people are avoiding foreclosure and staying where they should be: In their homes.

“While not the smoking gun that the housing market is on the road to total recovery, it is good news nonetheless,” said Foreclosure.com Vice President James Houston. “Being in the midst of a foreclosure situation is a very difficult place to be. And the fewer homeowners who have to experience it the better it is for everyone.”

Foreclosure.com breaks down the foreclosure process into three simple steps: preforeclosures, sheriff/trustee sales and post foreclosures/REOs. Sheriff sales — also known as trustee sales in states such as California that primarily observe non-judicial foreclosure laws — are homes facing foreclosure that are scheduled to be put up for public auction.

These public auctions typically take place at county court houses or other public places such as libraries. It is often the last chance for a homeowner who has defaulted on his or her mortgage to cure the loan before it is either sold to a new buyer or repossessed by the bank/lender.

And the fact that sheriff sale cancellations are up means that distressed homeowners and their lenders are finding common ground.

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