That’s not a typo.

The former home of the Detroit Lions of the National Football League (NFL) and Pistons of the National Basketball Association (NBA) today sold at a Williams & Williams-coordinated auction for little more than a half-million dollars.

Keep in mind that the Silverdome was built back in 1975 for an estimated cost of $55.7 million. Not even factoring in inflation/appreciation on the 80,000-seat municipal stadium, which sits on 127 acres in Pontiac, Mich., the winning bidder — an unnamed Canadian firm, according to the Detroit Free Press — stands to make about a $50 million profit … at least.

Unless, of course, a move to block the firesale is upheld by a judge.

Silver Stallion Development Corp. had previously offered $20 million to purchase the Silverdome; however, the purchase agreement had expired and the company didn’t cough up the $250,000 minimum bid to participate in the latest auction.

The report indicates that an official ruling on the sale of the Silverdome will be released within a week.

If the auction sale goes through, the new owner “plans to use the complex for a men’s Major League Soccer team and women’s professional soccer.”

Sounds like an early score.

• FHA possible change to Condo market http://bit.ly/2sVATl LY #
• We attended some very engaging sessions at REbarcamp, San Diego. #REBCSD SC AS #
• Training Day: Foreclosure agent training at Foreclosure.com receives key endorsement from FREC — http://ffs.cc/a/hioppl — TM #
• Deal of the Day, Hurricane Ida edition: 3 bed/2.5 br 2,070 sq. ft. Alabama slammer. (123% under value!) http://ffs.cc/a/5indkw TM #
• The rental market will be interesting to watch, given what Fannie and Freddie are doing LY #

NOLA.com has the latest local scoop:

“Regions Bank paid $2.3 million for Cage’s 10,300-square-foot property at 1140 Royal St. known as the LaLaurie mansion. Regions also paid $2.2 million for Cage’s 13,200-square-foot mansion at 2523 Prytania St. Regions Bank had foreclosed on the properties for unpaid mortgage debts.”

Cage — who has been among the top earning “A-List” actors in Hollywood for years — has attributed his recent financial troubles on “an incompetent business manager.”

The Academy Award winner reportedly owes the Internal Revenue Service (IRS) more than $6 million in unpaid taxes.

For more on Cage, including his recent brush with foreclosure and vast real estate portfolio, click here. Remember to also check out our comprehensive “Celebrity Foreclosure” archive right here.

Boca Raton, Fla. (November 10, 2009) — Foreclosure.com today announced that the Florida Real Estate Commission (FREC), which administers and enforces real estate license law in the “Sunshine State,” has endorsed its Certified Foreclosure Agent training program, validating the exceptional educational opportunities offered through Agent University.

Real estate professionals who complete the coursework and earn “Specialist” designations will now also receive seven continuing education credit hours from the state agency authorized to monitor the industry.

The Certified Foreclosure Agent live online curriculum, which includes a three-course certification bundle, as well as a certification at the culmination of the training, ensures agents will:

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In case you didn’t know, Foreclosure.com has partnered with Microsoft to ensure that you have the very best (and most detailed) mapping technology possible to facilitate your nationwide home search.

How’s that good for you?

Foreclosure.com Director of Business Development, Stephen Chip, explains:

“With distressed properties, photos are often unavailable, but our customers can use the bird’s-eye view to assess the property and the neighborhood.”

That’s right, you can now take advantage of the upgraded Foreclosure.com mapping environment with key new features, including the bird’s-eye view. We know that buyers interested in properties like to see them — to look at their context (the surrounding neighborhood, the roads, etc.).

So with Virtual Earth you can locate listings on the map choosing between a road-map, a satellite-image, or combination view. What’s more, you can zoom out to view a wide area, zoom in on a single property, or use the bird’s-eye view based on low-altitude aerial images taken from all four compass directions.

To check out a complete case study of how Foreclosure.com successfully integrated the latest map technology into its system visit Microsoft.com. And to see the maps in action, of course, head over to Foreclosure.com right now.