Foreclosure.com is extending Black Friday throughout the month of December!

We are so grateful for our newsletter readers and website visitors. We started Foreclosure.com more than a decade ago with the goal of making it the number one-ranked online destination for distressed property listings.

And here we are, 13 years later, thanking you for helping us make that vision a reality.

To commemorate the holiday season this year, we are excited to announce a treasure trove of our most generous money-saving opportunities ever, which we designed especially with you in mind. Enjoy extended free site membership, discounted foreclosure and short sale educational programs and much more.

As always, we also invite you to check out the myriad free tools available on our site to help make your foreclosure and short sale searches a success. It would be just silly to miss our free On Demand webinars, free foreclosure listing alerts and everything else that we offer at absolutely no charge.

The November 2011 edition of Foreclosure.com’s free educational newsletter, “Investment Exchange,” is now available, which will help you uncover the unbelievable wealth that might just be waiting for you right around the corner — literally — thanks to an unprecedented package of discounted resources.

We’ve never offered such an amazing bundle of deals and zero-cost learning opportunities to kickstart the real estate investment careers of our website visitors. So, take advantage of the free, money-saving offers that we are gifting to you this holiday season before it’s too late.

And well before all the New Year “resolutioners” flood the market.

To read this month’s free educational newsletter from Foreclosure.com and cash-in on our limited-time holiday offerings CLICK HERE.

The $7 million home of super successful singer/songwriter, Rihanna, in Beverly Hills, Calif., is the subject of a real estate short sale, according to several published reports.

The Barbadian beauty closed on the newly-built, eight-room expanse back in 2009; however, it’s apparently been nothing but a money pit ever since she assumed ownership.

In fact, the “Umbrella” pop sensation, 23, recently filed a lawsuit against the homebuilder, alleging that poor construction has led to major flooding problems that have caused significant damage. As a result, she has listed the mansion on the market for $4.5 million and will “consider all offers,” meaning that she is willing to accept less than what is owed on the mortgage to expedite her exit.

Typically, the lender that holds the note is tasked with making those types of shortfall decisions; however, it’s unclear if the lawsuit, which names essentially every party involved in the transaction, including the selling agent, will have an impact on the eventual outcome.

Ironically, her decision to get out of dodge appears to coincide with her abusive ex-boyfriend, Chris Brown, recently purchasing a $1.6 million home nearby. Brown, of course, was sentenced to five years probation and more than 1,400 hours in “labor-oriented service” for assaulting Rihanna back in 2009.

Sometimes things really do seem to happen for a reason.

Check out complete details of Rihanna’s water-logged short sale house after the jump (via RealEstalker):

Read the rest of this entry »

Wells Fargo is once again putting a freeze on its foreclosure operation on certain dates throughout the 2011 holiday season, which runs from about Nov. 23, 2011 to Jan. 2, 2012, and includes widespread observances in the United States such as Thanksgiving, Hanukkah, Christmas and New Year’s Day, among others.

SFGate.com confirmed the holiday moratorium, adding that other financial institutions such as JP Morgan Chase and Bank of America are also implementing similar initiatives to reduce turmoil and/or displacement during such a family-oriented time.

Major government-sponsored enterprises (GSEs) such as Fannie Mae and Freddie are expected to announce their eviction suspension policies as it relates to this holiday season very soon.

Check out the official Wells Fargo foreclosure moratorium statement after the jump:

Read the rest of this entry »

Abandoned, empty homes apparently do more than attract illegal squatters and vandals.

Foreclosed homes in Las Vegas, Nevada, and elsewhere are “going to pot,” literally, according to the Los Angeles Times. Marijuana “grow houses” are no longer set up in the seedy outskirts of society, but rather nestled among well-to-do, albeit distressed, neighborhoods.

And the nationwide housing crisis is apparently one of the many factors fueling the “pot home problem.”

William Sousa, a criminologist at the University of Nevada, Las Vegas, explains:

Read the rest of this entry »

Careful what you wish for!

It was all just a “ruse” to draw attention to his unfortunate foreclosure situation, not a serious threat that he intended to carry out.

However, sending a letter to a lender telling it that the house will go down in flames if the situation isn’t remedied is taking it too far. So far, in fact, that federal law enforcement was notified, stormed the custom-built home and removed the elderly couple from it.

The good news is they were not arrested. The bad news is that they now reside in a camper in the front yard, waiting for a resolution.

To check out foreclosures in Calaveras County and the surrounding region click here.