FOR IMMEDIATE RELEASE

 

 

Irene Savage/Tristam Wallace

Harpell, Inc.

781-274-9148/781-274-8710

isavage@harpell.com/twallace@harpell.com

 

 

Looking to Buy a Mansion?  Try the Foreclosure Market

 

With Properties in the Multi-Million Dollar Range, Foreclosure.com Delivers

Property Listings that Run the Gamut

 

BOCA RATON, Fla. – August 2, 2004 – Prospective home buyers may want to investigate an unlikely place to find their dream home — the foreclosure market.  Foreclosure.com, provider of the most comprehensive, up-to-date residential foreclosure property information in the United States, maintains a significant inventory of high-end properties at attractive prices — some listed at far below market value. 

 

“Many people think of foreclosed properties and envision homes that are undesirable and in disrepair, but that is not always the case.  Many types of homeowners overextend their buying ability and are unable to keep up with payments, eventually leading to foreclosure,” said Greg Sullivan, vice president and co-founder, Foreclosure.com.  “As with all bank-owned properties, high-end foreclosures offer a tremendous market opportunity for home buyers and investors to find property at a discount, and Foreclosure.com is a one-stop source to locate these properties nationwide.”

 

Examples of high-end foreclosed properties currently listed on Foreclosure.com include:

- A six-bedroom, 8,500-square-foot log home in Jackson, Wyo. for $3,599,000

- A 6,250-square-foot, cliffside, Spanish-style mansion in Los Angeles, Calif. for $2,999,000

- A 7,000-square-foot contemporary with waterfront views in Bloomfield, Mich. for $2,250,000

- A classic, Victorian-style home in exclusive Nantucket, Mass. for $1,799,000

- A 4,500-square-foot, neo-Mediterranean home in Highland Park, Texas for $1,210,000

 

For more information on these properties, visit www.foreclosure.com.

 

About Foreclosure.com

Based in Boca Raton, Florida, Foreclosure.com is committed to delivering the most comprehensive, up-to-date database of residential foreclosure properties in the United States to its customers and business partners through its cost-effective, Web-based subscription service.  With established relationships with hundreds of the top lending institutions and government agencies, the company has access to the nation’s largest inventory of residential foreclosure real estate, including Real Estate-Owned (REO) properties; Department of Housing and Urban Development (HUD), Department of Veterans Affairs (VA), Fannie Mae, and other government agency and financial institution properties; as well as listings from an extensive network of corporate sellers.  On the Net:  http://www.foreclosure.com

 

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