Technology is a beautiful thing. It can also be stressful and confusing, if you’re a little late to the game and unsure of where to start.

Apps, smart phones, iPads and other innovations are all the rage these days. Real estate agents, sellers, buyers and investors are all taking advantage of the latest technology to expedite the marketing and sales of homes at seemingly every turn.

But with the competitive market flooded with so many products, services and short cuts, it can actually hamper your home search rather than make it smoother … and cheaper.

The August 2011 edition of Foreclosure.com’s free educational newsletter, “Investment Exchange,” is now available, which teaches you which technological gadgets are worth the effort of getting to know and how to put them to work so you can save time and make money faster.

We’re also very excited to tell you about a 100 percent free opportunity to learn all about integrating technology into your investment strategies quickly and easily. It’s a crash course in the essential technological tools that, when used correctly, promise to make a real difference in your bottom line.

Learn about the most innovative and intuitive technological tools that will make finding, purchasing and profiting from distressed properties easier than ever before.

To read this month’s free educational newsletter from Foreclosure.com CLICK HERE.

Perhaps the most recognizable celebrity to emerge from South Florida, Burt Reynolds, is in danger of losing his 4-acre compound in Hobe Sound to foreclosure.

WPTV.com reports today that the 75-year-old actor has not paid his mortgage since Sept. 2010 and owes $1.2 million on a luxurious slice of coastal waterfront real estate that he has in the past referred to as his very own “Valhalla,” which is a majestic mythological paradise.

The San Francisco Chronicle details more about its many amenities:

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To search foreclosed homes for rent in your area or anywhere else throughout the United States click here. It’s free for seven days.

One in two homes sold in Orange County, Calif., which boasts 42 miles of breathtaking beach-side real estate, in July 2011 were of the distressed variety, according to a report from NBC Los Angeles.

Foreclosures, short sales and bank-owned properties, which account for about 33 percent of the total listings currently for sale on Southern California hot spot’s market, were a major focus of buyers/investors in the area. And more than a 100 of the listed properties were for sale for more than $1 million, which is about 3 percent of all distressed listings.

Who are the new faces moving into town? First-time homebuyers, mainly, according to Steven Thomas, a local broker who tracks home sales in the area:

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Retired Major League Baseball (MLB) pitcher John Smoltz has an outstanding $1.6 million balance on a vacant piece of property in the Snake River Sporting Club, which is located in Jackson Hole, Wyoming.

If the former eight-time All Star and one-time Cy Young Award-winner doesn’t reconcile the debt with his lender the property will be put up for public auction in a foreclosure sale on Aug. 23, 2011, according to Jackson Hole Daily.

It’s possible that Smoltz, who now serves as a color commentator for the Atlanta Braves, the team that he spent two decades as a starting pitcher and closer, simply walked away from the investment. Snake River Sporting Club was described as “troubled” and has been embroiled in a bankruptcy case since 2004.

Smoltz retired from baseball in 2009. He is the only pitcher in the long, distinguished history of the sport to record more than 200 wins and 150 saves in a single career.