What is foreclosure? Foreclosure.com Director of Education, Linda Yates, talks about the foreclosure process in the video above, as well as how it’s different everywhere, depending on in which state you live and the laws (non-judicial or judicial) in place. From start to finish, Linda provides a high-level overview of the foreclosure process and the various stages included in it. She also explains the terms Lis Pendens, Real Estate-Owned (REO), Sheriff’s sale and other key words that are common in the foreclosure process.

America’s number one source for the most up-to-date distressed real estate information to provide national foreclosure listings to the industry’s leading interactive social and business networking site.

Foreclosure.com today announced that it will power the foreclosure channel on RealtyJoin.com, an online networking resource that helps real estate investors, service providers and other professionals find relevant opportunities and connect with the people they need.

Real estate professionals and other website visitors can easily access the listings free for a limited time at http://www.realtyjoin.com/foreclosure-listing/.

“It’s no secret that foreclosures represent tremendous investment opportunities for homebuyers and investors to make – or save – large sums of money,” said Stephen Chip, director of business development, Foreclosure.com. “First-time homebuyers, experienced investors and even agents, among others, want to search for the best foreclosure deals in their areas quickly and efficiently. And they can now do that seamlessly at RealtyJoin.com as a result of this partnership.”

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Big Brother really is watching. And his name is Mark Zuckerberg Facebook.

If you think you can just go off the grid and escape your mortgage obligations, or at least make such an effort to the delay the inevitable, then you better completely disconnect.

No longer are phone calls, emails and random site visits the only means that lenders will leverage to track down homeowners in default. It seems that several governments are going digital, sending foreclosure notices to not-so-hard-to-find people on the world’s leading social network.

The Economic Times reports that a lawyer from Australia led the charge about two years ago. And now courts in New Zealand, Canada and the United Kingdom are following suit (pun intended).

Check out an example of how it works:

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It’s April 18.

Typically, the date doesn’t strike fear in the hearts of ordinary Americans. Today is different, however, because it (not April 15) is the deadline to file individual tax returns.

And for many, 2010 could have been financially difficult, including defaulting on a mortgage loan and losing a home to foreclosure and/or short sale.

The good news is that the  Mortgage Debt Relief Act, passed in 2007 and expiring in 2012, protects most distressed homeowners from being responsible for additional liabilities.

Most, but not all.

CNN.com lays out the exceptions to the rule. Read about them after the jump:
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