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Street Signs

Foreclosure.com inhouse real estate investment pro, Glen Daniels, has been asked to appear on the popular CNBC program called “Street Signs with Erin Burnett” today (October 5) at 2:30 p.m. ET.

Glen — who has more than 20 years of real estate experience — has been asked to provide his expert commentary in a segment dubbed, “Investing in Foreclosures.” That’s because right now there is no better time than now to get in on the distressed real estate market.

Put simply, home and REO prices are falling dramatically. And Glen is going to tell a massive national audience all about how to capitalize on it.

CNBC is the recognized world leader in business news, providing real-time financial market coverage and business information to more than 340 million homes worldwide, including more than 95 million households in the United States and Canada.

Check local listings to for the CNBC channel line up in your area. To view the complete segment with Glen right now click here.Glen Daniels

Can’t catch the discussion with Foreclosure.com REO Director Glen Daniels on CNBC? There’s good news: He’ll be the featured presenter in an upcoming online real estate training session — “How to Rehab for Profit” — on Tuesday, October 30, 2007, at 4 p.m. ET.

To register for this information-packed Webinar CLICK HERE.

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A Litle bit of History about Foreclosure.com

There are numerous foreclosure Web sites out on the Web. None of them, however, have a reputation for excellence and reporting responsible national foreclosure statistics like Foreclosure.com.

That’s because we’ve been at this since 1999. And even before we set up shop on the Internet, our executives such as President and CEO, Brad Geisen, had been successful in the foreclosure market for decades.

For today’s post, we want to pass along a little history on our company and related Web sites.

ForeclosureFreeSearch (www.ForeclosureFreeSearch.com) is the site that launched our successful business online back in 1999. In fact, this was among the first sites on the Web to provide online listings of foreclosures for sale.

Our founder, Brad Geisen — an accomplished real estate broker/investor — understood the value of putting foreclosure listings online for people to search for free. Brokers in turn would pay for the sellers leads.

ForeclosureFreeSearch.com quickly became a popular Web site. However, we did not see any significant returns as for one reason or another on the business side of things. Perhaps, the connect between site visitors and the brokers lost us in the mix.

As a result, we decided to switch to a monthly subscription model and continued on that path.

Over time, we started up the Web site Foreclosure.com because the foreclosure free search model wasn’t really where we knew it needed to be.

ForeclosureFreeSearch.com still exists and is an integral part of our business, but now Foreclosure.com is our main flagship and we try to provide all of the most up to date products on the Web site. This includes even more accurate foreclosure listings.

Today, our business has grown in to tax liens (www.taxliens.com), preforeclosures (www.preforeclosure.com) and FSBO Homes (www.forsaleownerhomes.com).

Together, all of these sites provide the best distressed real estate opportunities on the Web and represent tremendous investment opportunities.

Check them all out when you have some time!

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Location and real estate go together like peas and carrots.

Cliche? Without a doubt.

But there’s a reason that the phrase “Location, location, location” is has such a familiar ring to it — because it is true. Buyers who have the foresight to capitalize on real estate opportunities in desirable areas early often enjoy the financial rewards sooner rather than later.

Sure, numerous buyers often step in … er, get lucky when it comes to finding hot locations. Sometimes there’s just no telling that a neighborhood or town is on the verge of resurgence before it’s too late. However, it’s sometimes simple to manufacture good fortune rather than just crossing your fingers and hoping for the best.

For example, the American Association of Retired Persons (AARP) recently released its, “5 Great Places to Live” in the United States. This is a practical list that takes into consideration culture, work options, mass transit, fitness opportunities, and more — it’s not just a list of ideal destinations for retirees.

Indeed, the article attempts to find the locations that appeal to buyers at all stages of life, from “young families to active retirees, and everyone in between” so that older residents (and there are increasing numbers of them as boomers reach retirement age) are not a drain on a community’s resources but are an asset to them.”

So what does that mean for you as an investor?

The short answer is research locations that appeal to the largest buyer pool possible, particularly areas and neighborhoods that cater to young professionals and senior citizens alike.

This will more than likely ensure that your investment remains equitable (and perhaps appreciates over time), possessing strong resale value.

Here are the AARP top five spots:

  • Atlanta, Georgia
  • Portland, Oregon
  • Chandler, Arizona
  • Boston, Massachusetts
  • Milwaukee, Wisconsin

To find distressed properties in these locations remember to check out Foreclosure.com for the best deals in real estate. We update our comprehensive database of more than 1.2 million listings at least twice each day.

And, it’s as easy as pie to search!

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Foreclosure Tip: Search for local real estate agents – REO pros – who specialize in the foreclosure market.

The reason: Purchasing an REO is typically not as clear-cut as purchasing a home in the traditional sense. If a you are looking for a real estate “deal” then you should use a real estate broker who knows the ins-and-outs of foreclosure properties. In fact, REO agents often offer a team of skilled inspectors and repairmen who can help you spot and ward off trouble before you sign on the dotted line.

“REO” defined: When a lender takes ownership of a property as a result of the foreclosure process, the lender then calls the property an REO, which stands for “Real Estate Owned.”

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To keep investors and future homeowners up-to-date on the latest real estate news, Foreclosure.com features an Article Center that we update each day. These articles are also archived in the left sidebar for your convenience.

Bob Bruss — who is widely known as the “Dear Abby” of real estate — is often featured in this section. He leverages more than 23 years of experience in the industry to provide readers with usable information.

And a recent article on “10 things investors should look for in fixer-uppers” is certainly no exception. It’s a simple approach on how to profit in today’s real estate market with homes that need a little “TLC.”

Whether you call them “fixer uppers” or “handyman specials,” there are not too many other businesses other than flipping real estate that can generate a similar return on investment in such a short timeframe.

Consider the following:

  1. Basically sound condition without major structural defects
  2. Good location with a low crime rate
  3. Good-quality school district
  4. Need for profitable cosmetic fix-up work, but not major unprofitable repairs
  5. Purchase price at least 30 percent below the market value of nearby comparable homes in good condition
  6. Purchase from a motivated seller who is anxious to sell
  7. Affordable low-down-payment financing
  8. Seller or tenant will vacate immediately upon transfer of title
  9. Within a 60-minute drive from your current residence
  10. Good demand from renters and/or buyers

To read the entire article check out InmanNews.com (subscription required).

Now, the quick steps mentioned above are not going to turn you into a pro overnight. But, use them as a guide as you research potential investment properties on Foreclosure.com.

The best general advice we can offer on this topic is to go after houses that are located in nice neighborhoods and only need minimal amounts of work.

That’s because just some minor touch-ups and cosmetic work such as painting and new carpets can go a long way when it comes to turning a nice profit on a home.

In short, look to purchase the ugliest house on the prettiest block. Don’t be scared off by houses that look and smell terrible. These are often easy — and cheap — fixes.

Happy house hunting!

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