Real estate has always had the potential to turn ordinary novice investors into wealthy experienced entrepreneurs.

Seizing opportunities in the multi-billion dollar foreclosure industry is a common factor behind many of these success stories.

Timing is everything.

And there is no better time to score a great foreclosure deal — or several — than right now.

Remember that you can be the first to know when hot listings become available in your area thanks to FREE daily foreclosure e-mail alerts from Foreclosure.com. We conveniently deliver all the best deals, depending on the property type(s) and zip code(s) that you select, directly to your inbox.

It gets better.

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It’s in Pittsburgh, Pa., according to a recent study from Zillow.com, which indicates that buyers are paying 59 percent less for foreclosed homes than those who close on “traditional” properties.

Those are remarkable savings.

The “white paper,” called “Price Differences Between Foreclosures and Non-Foreclosures,” analyzed 16 major real estate markets throughout the United States. Overall, the research revealed that on average buyers save about 28 percent on distressed real estate.

Portland, Ore., is where the savings gap is narrowest, coming in at about an 18 percent discount. Nonetheless, it’s still a significant amount when hundreds of thousands of dollars are involved.

Take a look the top 10 best markets for where to find foreclosure deals:
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Foreclosure.com Director of Education, Linda Yates, will be featured on a panel of knowledgeable experts at the ERA® ‘Saving the Dream of Homeownership’ Seminar, which is scheduled for the Sheraton Music City Hotel in Nashville, Tenn., on Friday, Jan. 15, 2010.

Yates and the other presenters will address the needs, questions and concerns of consumers regarding the purchase of foreclosed and/or short sale homes. In addition, information on how to prevent foreclosure will also be made available.

“The clock is ticking to capitalize on the best real estate conditions buyers and investors have come across in literally decades,” said Yates. “Record-low home prices and interest rates, as well as limited-time government tax incentives, have created the ‘perfect storm’ for future homeowners.”

The educational seminar, which is free to attend and open to the public, will be held from 3 to 6 p.m. ET. Seats are available on a first-come, first-served basis.

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This year Santa delivered a flat screen television. While speaking with a colleague about the purchase of electronics, we couldn’t but help reflect on how a few years ago the same type of television would have cost almost double.

I realized the same now holds true with houses.

When the economy was “juiced” and the height of the market was upon us, items such as homes, cars and electronics were priced at their premiums. Now if you know where to look and you do your homework you can find some pretty awesome deals. The key is knowing what exactly it is you want. Then you need to do your homework and opportunities will present themselves.

We are getting ready to launch our “Investment Exchange” newsletter for 2010. We decided to focus on the different steps to finding that nugget of gold as a personal residence or investment property. Every day we are getting new properties on the site and as I watch my personal alert notification of the latest deals in the areas of the country I am interested in investing in I get pretty excited.

The prices are right — 2010 is going to be a great year. Just do your research and use the money you save to hang a nice flat screen in your living room!

Record-breaking nationwide foreclosure statistics set off a flurry of Internet searches this year, according to the “2009 Year in Review” from Yahoo!, which analyzes “queries based on a number of factors, including absolute volume and growth versus previous periods, to see which themes and trends bubble to the surface.”

The report indicates that the struggling United States economy is a big reason for the interest, saying “we saw old-fashioned thrift become a necessity.”

Indeed, there is a perceived value that is always associated with foreclosed homes. It’s human nature to want to get the most house and spend the least amount of money to own it.

Whether it’s the case or not (and it usually is), most curious homebuyers and investors feel that buying distressed real estate is cheaper than going the “traditional” route … especially when there is a large pool from which to choose like there is today.

There’s no denying it — this is a buyers market.

Deals are out there now more than ever and buyers are on their computers feverishly trying to hunt down the ones that are right for them. Pepper in limited-time government tax incentives ($8,000 and $6,500 tax credits) and historically low interest rates and you have a recipe for a mondo Web-surfing surge.

So check out the hot real estate deals in your area today on Foreclosure.com. Our nationwide database of more than 2 million distressed property listings is free to search for seven days.

Be sure to act fast because the best deals never last long! Search now.