“Program returns for 2010 after wildly successful 2009 campaign financially assisted several bright scholars from throughout the nation!”

Boca Raton, Fla. — Sept. 2, 2010 — Foreclosure.com today announced that it will reward five more college students with scholarships who can best provide a solution(s) to one of the most troubling issues facing our nation today:

“How could education at the high school level help avert and/or minimize a future foreclosure crisis?”

Foreclosure.com, which received thousands of entries from students during its inaugural scholarship program last year, will accept written essays/plans (800-word minimum, 2,000-word maximum) through its website from Sept. 1, 2010, to Dec. 1, 2010.

Five winners will be selected at the conclusion of the contest and will share $9,000 in allotted scholarship funds. The top prize is a $5,000 scholarship and four $1,000 grants will be awarded to the runners up.

All students must read and agree to the scholarship rules, which are located on the Foreclosure.com contest page at www.foreclosure.com/scholarship.

“Education equals freedom,” said Foreclosure.com Director of Education, Linda Yates. “Often we don’t know what we don’t know – where do the roots of the foreclosure problem really lie? How far back can we trace it? These are important questions. So we are eager to get answers, which is the reason we are excited to review this year’s submissions on how the future generation of homebuyers will be able to make smart financial decisions.”

In addition to the cash prizes (5) in the form of scholarships, winning submissions will also be published on Foreclosure.com.

For complete details and submission requirements/instructions for the Foreclosure.com Scholarship Program visit www.foreclosure.com/scholarship.

Forbes has compiled a list of the riskiest cities for homeowners, which have the highest percentage of borrowers who are at least three months late on their mortgage payments.

Check it out:

1. Las Vegas, Nevada
2. Riverside, California
3. Stockton, California
4. Modesto, California
5. Bakersfield, California
6. Vallejo, California
7. Orlando, Florida
8. Memphis, Tennessee
9. Miami, Florida
10. Fresno, California

“Sin City” has the dubious distinction of topping this list; however, California has six cities in the top 10, underscoring the distressing situation on the left coast.

The good news is that the “Golden State” recently pledged $700 million to prevent about 40,000 foreclosures. In fact, the program, “Keep Your Home,” is the nation’s “biggest principle reduction program,” trimming mortgages by up to $50,000 each.

If you are a struggling homeowner in California and want to learn more about whether or not you qualify for mortgage assistance click here. Those who want to view foreclosures in California — or anywhere else in the United States for that matter — should click here.

It’s a recurring theme at Foreclosure.com: You ask, we deliver.

In response to overwhelming demand, we recently enhanced our popular “Foreclosure Alerts,” enabling you to now track foreclosure filings on a street level.

Ever wonder, “How can I find foreclosed homes for sale on my street?” Or, “How can I find out if my neighbor is foreclosure?”

Well, now you can get the answers to these types of questions emailed directly to you the moment they happen. And it won’t cost you a single penny.

That’s right, our “Foreclosure Street Alerts” are totally FREE and require zero obligation.

How does it work?

It’s simple: Just provide us with the desired street name and its corresponding zip code. We do the rest.

Want to watch streets in more than one neighborhood? No problem. Foreclosure.com allows you to monitor up to 10 different streets all at once.

So whether you’re waiting for a vacancy to open up on your favorite block or you’re just plain curious, “Foreclosure Street Alerts” ensure that you catch everything in your crosshairs before someone else does.

Sign up today to receive daily “Foreclosure Street Alerts” with no obligation. It’s quick and easy. Did we mention it’s also FREE? Click here.

Foreclosures continue to account for about a third of all existing homes sold in the United States, according to a report released today by the National Association of REALTORS® (NAR).

The May 2010 figures indicate that distressed real estate is still in high demand, representing 31 percent of completed transactions in the month that included single-family, townhomes, condominiums and co-ops.

By comparison, distressed home sales hovered around 33 percent of the market share in the previous month (it was also 33 percent in May 2009).

Overall, existing home sales were down 2.2 percent “from an upwardly revised surge of 5.79 million units in April.”

NAR President Vicki Cox Golder provides context:

“With distressed sales at roughly the same level as a year ago, the gain in home prices is a hopeful sign that the market is in a good position to stand on its own without further government stimulus. Very affordable mortgage interest rates and stabilizing home prices are encouraging home buyers who were on the sidelines during most of the boom and bust cycle.”

To start your home search today click here. Foreclosure.com has the best real estate deals in your area … so you better find them fast before someone else does!

The overwhelming amount of distressed real estate has dragged down home prices virtually nationwide and will continue to do so as long as homeowners continue to struggle meeting their monthly mortgage obligations, according to Moody’s Economy.com.

From the report (via DSNews.com):

“We expect that house prices will continue to decline because the pipeline of distressed mortgages is substantial and because the price discounts for distress sales weaken all house prices.”

This is music to the ears for buyers and investors. And it’s a major reason the best foreclosure-related opportunities fly off the market.

Getting in on the action now, before the prices begin their gradual climb up, is an incredibly smart decision now and in the future.

It’s more than likely instant equity!

There are also a ton of options from which to choose — there is something for everyone out there if you dig deep enough.

Moody’s predicts a “rebound” by 2012, meaning that in two years these buyer-friendly conditions and amazing deals could be history. And there’s no telling if the getting, from a buyers/investors perspective, will ever get this good anytime soon.

Act fast before it’s too and help yourself … and a homeowner!