Howard Small recently hosted a fantastic online Webinar, “Real Estate Money Machine,” during which he walked the class through current and former economic cycles and how housing is/was affected (i.e. pricing and making a profit).

He pinpointed the strategies to use during a cooler market. We also walked away with a great tool that was FREE to all who attended — his One-Minute Analysis.

Howard illustrated the different markets and what potential spread an investor could profit from. He taught profit-making principles where you can “invest small” and the potential timeframe to put that profit in your pocket.

In addition, Howard touched on the tools that are available for investors to use for finding great deals, potential buyers and motivated sellers. Audience members had an opportunity to give feedback on what some of their current challenges are today. They also asked several specific questions pertaining to them personally that Howard shared his insight on.

Lastly, he walked us through real world examples for today’s housing cycle and how to profit now. If you somehow missed this can’t-miss Webinar catch it on Foreclosure.com On Demand right now! Click here.

As if foreclosure didn’t cause enough problems, the Associated Press is reporting that the increase in foreclosure activity throughout California is exacerbating West Nile virus dangers.

That’s because abandoned or vacant homes with untreated swimming pools are becoming breeding grounds for mosquitoes, which are responsible for spreading the virus to birds, horses and humans.

In fact, according to the report The Greater Los Angeles County Vector Control District got 288 service requests last month — nearly double the activity at the same time in 2007.

With so many homes in foreclosure throughout the “Golden State” it is becoming more and more difficult for lenders and local governments to manage and address the needs of all foreclosure properties.

It’s a nightmare scenario that goes to show the far-reaching effects of foreclosure.

West Nile virus is spread by mosquitoes. Its symptoms include fever, headache, chills, weakness and drowsiness. However, severe cases can lead to life-threatening complications such as meningitis and encephalitis.

Ed McMahon — the iconic television personality who is perhaps best known for his role as an announcer on the “Tonight Show” with Johnny Carson for three decades — has defaulted on a $4.8 million home loan and is in danger of losing his Beverly Hill, Calif., residence to foreclosure, according to WSJ.com.

The report indicates that McMahon has been actively attempting to sell the house for the past two years and has reduced the price to $5.75 million.

However, the 85-year-old celebrity and the mortgage lender, Countrywide Financial Corp., are now working together to hammer out a resolution that ensures McMahon and his wife remain in their six-bedroom home.

So how does something like this happen to such a well-known — and seemingly wealthy — homeowner?

His lawyer indicates that a slumping housing market, as well as a broken neck sustained 18 months ago that has prevented McMahon from working, are the causes behind the foreclosure proceedings.

It’s a painful reality that McMahon shares with many homeowners throughout California and beyond. In fact, his lawyer issued this statement from the McMahon’s:

“… understand that they are in the same situation as hundreds of thousands of other hard-working Americans, and their hearts go out to them.”

There are several options still open to avoid foreclosure. And it’s not just because McMahon is famous. It’s important to be open and honest with lenders and open the lines of communication as soon as possible.

Often times banks will bend over backwards to ensure that their loans don’t end up in foreclosure — no matter who you are … especially right now.

That’s not a typo … the headline is accurate.

Back in 1995, Sonya Capri Ramos took her daughter to the dentist to fill some cavities. She paid a majority of the bill; however, there was a $68 balance that she could not cover, according to ABCNews.com.

Over time, the $68 outstanding balance grew to more than $950 because of legal fees and other expenses shelled out to collect the payment. And when Ramos still didn’t cough up the cash, a judge ordered the local Sheriff to auction off the property to pay off the debt.

Her home was eventually sold for $1,550 in 1996. However, she claims she had no idea that any of this was going on. In fact, she continued to make payments on the mortgage — a home she technically no longer owned — for 12 years.

Ramos learned about the sale when she applied for a loan to make home renovations. She was denied, because, well, she wasn’t the homeowner.

Ever since she’s been embroiled in a legal battle to reclaim the title to her property, which she feels was sold out from under her. Even to this day, unfortunately, she and her lawyers have been unsuccessful.

This is a bizarre case — perhaps one in a million. The experts quoted in the article, in fact, are puzzled about how this all went down.

Regardless, lessons can and should be learned from this tale:

Always pay your bills … and remember to floss.

Foreclosure.com, regarded as the most reliable and comprehensive source for nationwide distressed real estate data, today announced the release of its first-ever instructional CD and DVD course entitled, “Get Rich Buying Real Estate Foreclosures.”

To purchase the comprehensive six-CD educational audio training course, which is packed with the latest information, secrets, expert tips and other invaluable resources (and to lock-in a special introductory savings offer) CLICK HERE.

“Get Rich Buying Real Estate Foreclosures” is adapted from the real-world success of Foreclosure.com Founder, President and CEO, Brad Geisen, who became a self-made millionaire before the age of 24 thanks to smart foreclosure investing.

It covers all phases of the foreclosure investing process step-by-step, including, but not limited to:

• Preforeclosure training
• Sheriff Sale training
• Post foreclosure/REO training
• How to find money to finance deals
• Foreclosure rehab and flipping tips

In addition, the course includes a bonus training DVD with Brad, which shadows him throughout various investment property inspections during which he reveals foreclosure buying strategies, in-depth analysis and every thing you need to know to spot great foreclosure deals.

Put simply, Brad himself tells you firsthand all the things you should and shouldn’t do when rehabbing homes to rake-in monster profits … fast!

That’s not all.

“Get Rich Buying Real Estate Foreclosures” also features a comprehensive glossary of real estate terms you need to know, as well as nearly 30 forms, checklists, contracts and other documents that you need to be successful when it comes to investing in foreclosure homes.

This course is the ultimate step-by-step guide to investing in distressed properties for unbelievable riches. Put a small slice of that rebate check toward “Get Rich Buying Real Estate Foreclosures” and watch your bank account balance soar!

It’s a step in the right direction for those who seek financial freedom.

To purchase your copy of “Get Rich Buying Real Estate Foreclosures” and to finally start making money flipping foreclosure homes CLICK HERE.