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12/21/2006
01:23 PM
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USA Today Adds Foreclosure Listings To Real Estate Web Site

The site offers searching by state, ZIP code, or a foreclosure ID number, and costs $9.95 a week.

USA Today has added foreclosure listings to its online real estate channel, providing contractors, home buyers, and others with potentially good deals.

Foreclosure.com is providing the paid listings, which are available on a co-branded page in USAToday.com. The site offers searching by state, ZIP code, or a foreclosure ID number. The service, launched Thursday, costs $9.95 a week.

USA Today is offering the service as foreclosures rise throughout the United States as a result of a deflating real estate market. People who bought homes under adjustable-rate mortgages are particularly vulnerable to foreclosure, experts say.

"Overall, foreclosures are rising throughout the United States, which creates tremendous investment opportunities for home buyers and investors," Brad Geisen, president and CEO of Foreclosure.com, said in a statement.

The site provides property details, including photos, tax data, and contact information. Foreclosure.com's database includes more than 1.2 million real estate listings from throughout the United States. The co-branded site also offers listings on property owned by people in preforeclosure or bankruptcy, or those with tax liens.

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