The listing pictured above represents everything great about Foreclosure.com:

Amazing real estate DEALS!

This four-bedroom 1,680 square foot home built in 1940 is located in Dayton, Ohio, at 526 Lexington Avenue. It sits in a lot that is nearly 6,000 square feet.

For more details check out the entire listing right here.

(Note: To get complete access to the property information interested buyers/investors need to sign up for the FREE 7-Day Trial.

Zillow.com provides a Zestimate for this bank-owned home at around $68,330. Other comparable home prices in the area range from $38,356 up to $140,300.

So for how much is this featured listing on the market, you ask?

Unbelievably, the bank is only asking for $10,000! We’re showcasing this property specifically because we thought the price was a mistake. In fact, we even contacted the bank* to ensure that the listing information is indeed accurate.

This is the perfect property for an investor — the lot alone is more than likely worth more than the asking price.

Now, we have no idea on the condition of the interior of the house. However, we’re going to reach out to a local broker to snap a few photos and give us an “on-the-ground” assessment of this property. We’ll post an update or two on this listing in the next few days.

Stay tuned.

In the meantime, interested parties can contact the listing agent on this property for more details or leave questions in the comments section below and we’ll attempt to get some answers.

* Foreclosure.com has more than 1.2 million listings … and we provide this level of scrutiny for each one that we post on our site. We have the freshest, accurate and most reliable data available anywhere.

We recently launched a new section on Foreclosure.com called Real Estate Agent Tools that provides FREE resources and links to help agents and brokers better market their listings and services.

This information-packed page goes hand-in-hand with our successful REO Agent Marketing Program (RAMP), which helps brokers and agents sell more properties faster with targeted zip code marketing on Foreclosure.com.

To learn more about the fantastic RAMP benefits CLICK HERE.

Last month, our inhouse real estate investment pro Glen Daniels and Internet marketing guru, Stephen Chip, were featured speakers at the 2007 Five Star Default Servicing Conference and Expo. The topic of the presentation was , “How to Find Buyers in a Declining Market.”

Here’s the description:

“With an oversupply of homes, limited buyers with unlimited choices, and price wars forcing values down, there is no wonder that traditional marketing doesn’t work in today’s market. It’s not just a buyers market; it’s a smart, savvy buyers market, with buyers using online tools to wade through their unending options. Learn the best online marketing strategies — and other out-of-the-ordinary tools — to grab the attention of these buyers and get your properties moving.”

Well, the presentation was such a hit with the national real estate agents and brokers in attendance that we decided to share the same information during an upcoming Foreclosure.com Webinar called, you guessed it, “Finding Buyers in a Declining Market.”

This 90-minute online training course will teach agents and brokers how to generate hundreds of hot leads virtually overnight using the magic of the Internet.

It will also show you how to:

• Leverage FREE online real estate marketing solutions
• Turn a blog into leads and leads into BIG sales
• Make SERIOUS cash with an increase in commissions
• Gain MASSIVE exposure to sell more properties faster
• Drive QUALIFIED buyers to your Web site

Join us for this LIVE Webinar with Glen Daniels and Stephen Chip on October 18 at 4:00 p.m. ET. CLICK HERE.

Tune-in and find out how to effectively market listings and yourself on the World Wide Web to millions of buyers nationwide. Your business will never be the same.

Spots are limited. Sign-up now!

With all the news we’ve been passing along lately somehow one of the best offers from Foreclosure.com fell through the cracks:

We now include a FREE e-Book entitled, “Cash in on the Foreclosure Process,” when you sign up to check out our nationwide database of more that 1.2 million distressed real estate listings with a FREE 7-Day Trial.

That’s right, FREE e-Book and FREE 7-Day Trial just for giving our site a test drive — no strings attached, cancel the trial membership at any time.

From how to buy a foreclosure to five simple steps to successful investing, “Cash in on the Foreclosure Process” is all you need to start making money in today’s sizzling foreclosure market!

That is of course when you combine it with our accurate (and the most reliable) real estate listings, which include foreclosures, preforeclosures, tax liens, bankruptcies, For Sale By Owner (FSBO) homes and more right in your backyard.

It’s the perfect recipe for success.

But don’t just take our word for it. Check out the reasons we are the #1 Rated foreclosure site on the Web, as well as some of the positive experiences from our subscribers.

In the meantime, feel free to register for a FREE 7-Day Trial and receive our informative e-Book called, “Cash-in on the Foreclosure Process” for FREE. CLICK HERE.

The sluggish South Florida real estate market has scared away investors and/or forced several of them to get a little more creative.

Look no further than CondoFiasco.com for proof of the latter.

Back in 2004, Zack Preble purchased a preconstruction condominium in the bustling Miami financial district near the Biscayne Bay for $355,000.

It was a can’t-miss investment … at the time.

Now, the market is not close to the level it was nearly three years ago. And Preble has had trouble selling the property during this time for close to even what he paid for it.

He has $70,000 tied up in a down payment and the remaining balance ($285,000) will be due when construction is complete later this year or early 2008.

Sure, Preble can take a hit, sell it at a rock-bottom price and lose his shirt. However, he decided to take an alternative approach.

The small-time investor has turned to the blogging community for assistance. He’s selling links from his Web site (CondoFiasco.com) for $35.50. Included in that price is a “slice” in the new Miami condo he can’t sell. Preble hopes to then one day buy back those links someday when and if he sells the condo.

Thus far the creative idea has been a big hit:

Total slices: 10,000
Cost per slice: $35.50
Slices sold: 1,971
Slices left: 8,029

Preble is quick to point out that interested persons who want to get in on the action should do so at their own risk. By law he cannot provide “slice” buyers with any written guarantees.

Just the word — and a fancy certificate — from a creative investor doing his best to sell a property in difficult market conditions.

To purchase a slice CLICK HERE.

Florida has the unfortunate distinction of reporting the most amount mortgage fraud cases than any other state in the nation. In fact, Miami is number four on the list of major United States cities that are most affected, resulting in more than $50 million in losses for Miami-Dade County in 2007 alone.

Put simply, mortgage fraud is a major “pervasive” problem that affects homeowners, lenders and everyone in between. In fact, it also artificially inflates home values and increases taxes, as well as hurts property values.

From Miami-Dade County Mayor Carlos Alvarez:

“… when banks begin to foreclose on fraudulent mortgages and sell these properties far below their original value, the County’s tax base lowers. This may affect the level of services we are able to offer.”

To reduce the prevalence of mortgage fraud schemers Miami-Dade County took a proactive approach, creating a Mortgage Fraud Task Force.

The Task Force includes members from all segments of government and civil services, from the county police Department all the way up to the U.S. Attorney’s Office. This weekend the Mortgage Fraud Task Force was responsible for apprehending 11 people who are suspected of being involved with illegal mortgage fraud activity.

Combine that with recent news that that it is now easier to crack down on mortgage fraud (all parties involved in Mortgage Fraud subject to prosecution as of October 1, 2007) and the State of Florida is well on its way to addressing a major issue that in some way shape or form affects state residents.

And it’s not just those in Florida, either.

Contact the Miami-Dade County Economic Crime Bureau at (305) 994-1000 for more information on the task force or mortgage fraud in Florida.