Real Estate Auction 101 … class is now in session!

Learn how to buy homes at foreclosure auctions for significantly reduced prices — whether it’s online or in a ballroom in your backyard — during this FREE 90-minute Webinar educational session.

“Ask Questions. Get Answers. FREE Foreclosure Auction Workshop” is a real-time Webinar presentation that is set for Wednesday, August 20 at 9 p.m. ET. To catch — and register for — the FREE instructional session CLICK HERE.

Elsa Lewis — Williams & Williams Senior Vice President of National Sales/REO — will take you behind the scenes and show you everything that you need to know to make informed and confident purchase decisions on discounted real estate up for auction.

Elsa will explain in terms that you will understand the simple steps required to successfully participate in a real estate auction. And she can make or save you thousands on your next purchase … she’s a foreclosure auction pro.

Elsa will go over these topics and more:

• What you need to register for a foreclosure auction
• What to look for before auction during property inspection
• How to bid at the auction without losing your shirt
• How to close fast and count your spoils

In short, this FREE Webinar will explain the simple steps required to participate in a real estate auction.

So join us LIVE and for FREE during the “Ask Questions. Get Answers. FREE Foreclosure Auction Workshop” Webinar on Wednesday, August 20 at 9 p.m. ET. It’s a rare opportunity to find out what to expect at a home foreclosure auction near you.

Webinars are LIVE 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 today announced that it has entered into a first-of-its-kind partnership with Lenders Clearing House and First Universal Lending, creating a dynamic collaboration that will purchase, market and auction high volumes of distressed real estate through an online sealed-bid auction process.

That means that Lenders Clearing House will exclusively soon feature thousands of the very best real estate deals on Foreclosure.com that you can purchase at rock-bottom prices.

It’s a streamlined operation referred to as “Quick Sales” that brings lenders, sellers and buyers to the negotiating table to help reduce foreclosures and create amazing real estate investment opportunities for owner-occupants and investors.

Foreclosure.com Founder, President and CEO, Brad Geisen, has this to say about our latest industry-leading move:

“This idea has been in the works for sometime now. Finally, all the pieces are in place to really make a difference in people’s lives in particular and the economy in general. Put simply, we have the ability and resources to truly revolutionize the industry in so many different areas. It’s remarkable.”

Geisen revealed that three companies have their own responsibilities and areas of expertise, which together creates a one-stop shop for successful real estate transactions. It’s a fine-tuned automated process that helps distressed homeowners avoid foreclosure situations, lenders liquidate properties fast and brokers sell more homes to new buyers … lots of them.

Initial plans are to introduce the proprietary auction system in South Florida via Foreclosure.com and then quickly expand into additional markets nationwide over time. It’s a strategic alliance that creates a true power in the industry that is capable of providing innovative solutions to a declining housing problem that has seeped into just about every corner of the United States.

Lenders Clearing House Spokesperson, Becca Shaffrey, added this:

“We will soon become the number one resource for lenders, brokers, buyers and distressed homeowners. This not some fly-by-night operation – this collaboration comprises major players in the industry that have the resources and connections to spark change and carry us into the 21st century.”

Shaffrey indicates that the key component to success is that Lenders Clearing House is able to move fast, which allows the company to turnaround and market and sell real estate quickly on Foreclosure.com at significant discounts. It’s a quick and easy process that cuts out the middlemen and allows buyers to close on homes lightning fast for pennies on the dollar.

Brokers, buyers and distressed homeowners who are interested in learning more about Lenders Clearing House should visit www.LendersClearingHouse.com or call (954) 239-4200.

… we’ve got them in the most recent edition of the Foreclosure.com monthly email newsletter, “Investment Exchange,” which is now available for FREE right here.

Our April edition is the first of a two-part series that focuses on foreclosure investing, covering everything from how to find great foreclosure deals to how to analyze and flip them for monster profits.

We also provide educational resources that will help you better understand the foreclosure investing process, as well as some pitfalls for which beginners need to look out.

In addition, the newsletter contains a bonus article from Wall Street Journal best-selling author, nationally renowned speaker and major real estate investor, Robert Shemin.

To check it all out right now for FREE click here.

“That world inside there is very competitive…. And their intent would be to raise your price so that you will not come back again.”

– Julian Dominguez, who’s been investing in foreclosures and guiding others through it from more than 20 years, shares some insight via CBS4.com on what the atmosphere is sometimes like during a public foreclosure auction. In short, it’s not uncommon for experienced investors to manipulate, intimidate or take advantage of new faces. Therefore, it’s always a smart move to attend a few auctions before actually bidding on a house during one. This will give you time to get a feel for the mood in the room and also meet with some of the other “regulars.” For more on the firsthand foreclosure auction experience click here.

When a homeowner borrows money to finance a home and can’t pay the mortgage it goes into default. To recoup its money, a lender will usually foreclose on the property and sell it at a public auction to the highest bidder.

In some states the Sheriff for each county manages, conducts and holds these public foreclosure sales. That’s the reason is is called a “Sheriff Sale.” The dates, time and locations of these auctions are often required to be publicly announced prior to the actual auction dates and usually take place in designated county courtrooms.

Countless properties throughout the United States are purchased at Sheriff Sales for considerably less than their market value – sometimes 30-50 percent!

To make it easier to find theses great deals, as well as the times and locations nationwide, Foreclosure.com just introduced a new “Sheriff Sale” tab on our search pages.

Here’s what it looks like:

The options within this tab allow you to search via the Foreclosure.com Listing ID, City, Zip Code and/or a range between auction dates. Therefore, if you want information about Sheriff Sales taking place in your area from December 1, 2007, to January 1, 2008, just key in those dates and click the “Search” button.

It’s that easy! No more combing through the local newspapers or pouring over documents in the county courthouse. Foreclosure.com has done all the hard work and collected all the data that you need and filed it in one convenient location.

To search for Sheriff Sales and public foreclosure auctions in your area right now click here.

Note: Want to know what it’s like to attend a Sheriff Sale? To read a detailed account of the experience in Palm Beach county, Fla., click here.

We receive several inquiries almost daily about what it’s like to attend a local foreclosure home auction. It’s hard to answer because each county varies in terms of organization, competition and atmosphere.

(Note: For more background information on auctions and sheriff sales click here and here.)

To provide some sort of context we decided to send one of our staff members to the Palm Beach County Courthouse located in West Palm Beach, Florida, to sit-in on one of two weekly foreclosure auctions (Tuesday and Thursday.)

Here is her report:

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