To search foreclosed homes for sale in Plainfield, N.J., or anywhere else throughout the United States click here.

This morning I was speaking with the head of our data team when he mentioned several listings that he has seen reduced in price by as much as 80 percent over the last year or so. Right now represents a truly great opportunity to find amazing deals.

Sometimes it just takes patience.

As we researched these particular deals, we noted that there were multiple offers throughout the listing process. If the offers were rejected, and the homes would be re-listed, the price would be reduced about six weeks after it hit the market again.

Patience and the discipline of patience is where money can be made, or saved, for that matter.

That blend of risk taking and waiting can only be achieved by practice and knowledge. First you need the knowledge and then the practice. The application once these two key ingredients are combined is where wisdom is gained.

Have you ever noticed that change both positive and negative occur line upon line and precept upon precept? Taking an action, even if it’s small, takes you in a direction. From there, you can always change course, but taking an action is where it begins.

Long-term perspective can be a fruitful practice and the virtue of patience is real.

To check out (and monitor) listings in your target market be sure to check out Foreclosure.com today. You can “save” properties of interest and watch them, as well as their descending prices, until you are ready to make your patient move.

Technology is a beautiful thing. It can also be stressful and confusing, if you’re a little late to the game and unsure of where to start.

Apps, smart phones, iPads and other innovations are all the rage these days. Real estate agents, sellers, buyers and investors are all taking advantage of the latest technology to expedite the marketing and sales of homes at seemingly every turn.

But with the competitive market flooded with so many products, services and short cuts, it can actually hamper your home search rather than make it smoother … and cheaper.

The August 2011 edition of Foreclosure.com’s free educational newsletter, “Investment Exchange,” is now available, which teaches you which technological gadgets are worth the effort of getting to know and how to put them to work so you can save time and make money faster.

We’re also very excited to tell you about a 100 percent free opportunity to learn all about integrating technology into your investment strategies quickly and easily. It’s a crash course in the essential technological tools that, when used correctly, promise to make a real difference in your bottom line.

Learn about the most innovative and intuitive technological tools that will make finding, purchasing and profiting from distressed properties easier than ever before.

To read this month’s free educational newsletter from Foreclosure.com CLICK HERE.

Perhaps the most recognizable celebrity to emerge from South Florida, Burt Reynolds, is in danger of losing his 4-acre compound in Hobe Sound to foreclosure.

WPTV.com reports today that the 75-year-old actor has not paid his mortgage since Sept. 2010 and owes $1.2 million on a luxurious slice of coastal waterfront real estate that he has in the past referred to as his very own “Valhalla,” which is a majestic mythological paradise.

The San Francisco Chronicle details more about its many amenities:

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To search foreclosed homes for rent in your area or anywhere else throughout the United States click here. It’s free for seven days.