Foreclosure.com REO Director, Glen Daniels, was recently featured on the CNBC program, “Street Signs with Erin Burnett,” to discuss the national foreclosure situation and the fantastic real estate investment opportunities that are now available.

To watch the video segment click here.

When we made the initial announcement that Glen would appear on CNBC we also passed along information that he would be sharing his wealth of investment tips and strategies during an upcoming Foreclosure.com LIVE online Webinar presentation, “How to Rehab for Profit,” on Tuesday, October 30, 2007, at 4 p.m. ET.

To register for this information-packed real estate training session CLICK HERE. Remember that spaces are limited so act fast.

In addition, if you want to get a head start searching for great deals (homes 30 to 50 percent less than market value) that Foreclosure.com offers a FREE 7-Day Trial to its nationwide database of more than 1.2 million distressed real estate listings.

No strings attached!

Is it really possible to go to police and/or government auctions to buy things such as cars, trucks — even real estate — for rock-bottom prices?

Some quick searches on Google revealed that the answer to that question is an overwhelming, “Yes.”

In fact, there’s a good government site that we came across known as USA.gov that features quality products at affordable prices. This Web site is the creation of the Department of Housing and Urban Development (HUD) and the Department of Veteran Affairs (VA).

In addition, OCWEN — a global financial services company offering a variety of products and services related to residential and commercial mortgage servicing — is one of the sites that offers a great selection of Real Estate Owned (REO) listings.

General Merchandise Auctions is another good link for government auctions.

Overall, we found that there is some very useful information on these government sites — check them out when you have some time. Many of these items are online auctions and can be bid on by anyone. However, there is one shared caveat among the respective sites that warrants attention:

“PLEASE CONTACT THE PROPERTY CUSTODIAN TO MAKE AN APPOINTMENT TO INSPECT THE PROPERTY BEFORE YOU ATTEMPT TO BID.”

Hmm … how is someone supposed to go see, for example, some old computer parts in Indiana when he or she lives in Florida and is only bidding $50?

The chances are that person will have to trust the buyer. And in these instances, especially if there is a solid chunk of change at stake, we recommend that you exercise extreme caution.

For those reading this who have actually found, bid and purchased anything on these government auction sites, please share your experiences in the comments section below. We, as well as our visitors, are very interested in learning more about your results.

Now down to business.

At Foreclosure.com, we list hundreds of thousands of properties on our Web site from numerous government sites, as well as include several other sources of distressed homes. We aggregate that data and provide it to you in one convenient place as opposed to going to multiple sites.

What’s more, we also buy lists from multiple sources that do not have Web presences. At the end of the day, it turns out being quite helpful for people who cannot afford to pay a lot of money for these files.

It’s the reason we are the number one (and most reliable) source of real estate investment property information for police and government auctions … and so much more.