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Foreclosure.com changes hands

February 26, 2003

ForeclosureFreeSearch pays $750,000 for coveted URL


Inman News Features

Florida-based foreclosure information provider ForeclosureFreeSearch Inc. has purchased the Foreclosure.com URL for $750,000 from an undisclosed party.

The company currently operates under the ForeclosureFreeSearch.com URL and will expand its operations under www.foreclosure.com. The two addresses currently link to the same site.

ForeclosureFreeSearch CEO Bradford R. Geisen said the company had been planning to expand its services and marketing to include pre-foreclosure data, foreclosure-related legal support services, foreclosure aid, debt onsolidation/negotiation, mortgages, real estate foreclosure brokerage services and foreclosure property asset management. The company also indicated it is negotiating with several prospective partners to launch some of these additional products.

ForeclosureFreeSearch.com currently hosts several private-labeled versions of its Web site.

Copyright: Inman News Service



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