Calling all opportunistic real estate investors stateside and international:

Foreclosure.com wants to alert you to a 117-unit condominium complex in Miami Beach, Fla., which will be featured in an upcoming bankruptcy auction.

It’s a liquidation sale, meaning that it must be sold to the highest bidder. There is no reserve price and/or minimum bid.

Sound too good to be true? Well, it is … that’s the reason we’re passing the good news along.

The property comprises:

• Nine contiguous buildings
• A 117-unit condo project
• 53 unsold units
• 64 additional rentals in four buildings

We’re available to coordinate property inspections if you’re interested, as well as provide additional information and answer all questions on this awesome opportunity. This is your chance to potentially own a massive slice valuable Miami Beach real estate for a fraction of the cost.

Act now before it’s too late — the auction is scheduled for Dec. 2009!

Feel free to email our investment coordinator, Anthony Segrich, direct (aseg…@foreclosure.com) or call (561) 988-9669 ext. 7250. Serious investors only.

Sometime in 2010, according to the USA Today:

“A second wave of foreclosures is poised to hit the market, potentially undermining housing recovery efforts as more homes add to the glut of inventory and drive down prices. These homes largely represent loans that are delinquent but have not yet resulted in foreclosure sales.”

The reason? The report lists several:

• Moratoriums
• Overwhelmed lenders
• Modifications
• Asset write-downs

Add it all together and Mark Zandi from Moody’s, which is “among the world’s most respected and widely utilized sources for credit ratings, research and risk analysis,” predicts that about 2.4 million homes will be lost to foreclosure next year.

That’s nearly a half-million more defaults that occurred in 2009 based on their data.

If you’re in financial turmoil do everything you can as soon as possible to not add to that potential tally. Remember that professional foreclosure consultants can be reached right here.

It’s free help.

On the flip side, be sure to search Foreclosure.com today if you’re in the market to purchase a foreclosed home in your area. It’s FREE for seven days. Click here.

Forbes offers an explanation:

That’s not a typo.

The former home of the Detroit Lions of the National Football League (NFL) and Pistons of the National Basketball Association (NBA) today sold at a Williams & Williams-coordinated auction for little more than a half-million dollars.

Keep in mind that the Silverdome was built back in 1975 for an estimated cost of $55.7 million. Not even factoring in inflation/appreciation on the 80,000-seat municipal stadium, which sits on 127 acres in Pontiac, Mich., the winning bidder — an unnamed Canadian firm, according to the Detroit Free Press — stands to make about a $50 million profit … at least.

Unless, of course, a move to block the firesale is upheld by a judge.

Silver Stallion Development Corp. had previously offered $20 million to purchase the Silverdome; however, the purchase agreement had expired and the company didn’t cough up the $250,000 minimum bid to participate in the latest auction.

The report indicates that an official ruling on the sale of the Silverdome will be released within a week.

If the auction sale goes through, the new owner “plans to use the complex for a men’s Major League Soccer team and women’s professional soccer.”

Sounds like an early score.

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NOLA.com has the latest local scoop:

“Regions Bank paid $2.3 million for Cage’s 10,300-square-foot property at 1140 Royal St. known as the LaLaurie mansion. Regions also paid $2.2 million for Cage’s 13,200-square-foot mansion at 2523 Prytania St. Regions Bank had foreclosed on the properties for unpaid mortgage debts.”

Cage — who has been among the top earning “A-List” actors in Hollywood for years — has attributed his recent financial troubles on “an incompetent business manager.”

The Academy Award winner reportedly owes the Internal Revenue Service (IRS) more than $6 million in unpaid taxes.

For more on Cage, including his recent brush with foreclosure and vast real estate portfolio, click here. Remember to also check out our comprehensive “Celebrity Foreclosure” archive right here.

Real estate professionals who complete the coursework and earn “Specialist” designations will now also receive seven continuing education credit hours from the state agency authorized to monitor the industry.

The Certified Foreclosure Agent live online curriculum, which includes a three-course certification bundle, as well as a certification at the culmination of the training, ensures agents will:

• Close more deals and earn higher commissions
• Garner national marketing exposure
• Learn lifetime skills and tools to thrive in any market
• Attract more leads to grow their businesses
• Become preferred listing agents among lenders and other financial institutions

“Distressed real estate is where the money is right now for agents everywhere,” said Foreclosure.com Director of Education, Linda Yates. “Agents who recognize the opportunities in the foreclosure space are enjoying tremendous success. There has never before been a time when buyers and sellers understand the distressed real estate alternatives than they do today.”

Distressed real estate sales, which include foreclosures and short sales, are big business in today’s market, accounting for more than 40 percent of transactions in the first quarter of 2009, according to the National Association of Realtors® (NAR).

The Certified Foreclosure Agent program — with its intensive training and testing process — is leading the charge to educate agents to take greater advantage of this current market trend, connecting them with multiple buyers in their areas.

It’s important to note that all licensed real estate agents nationwide are eligible to receive Certified Foreclosure Agent training — it is not limited to Florida professionals only. Approval in Florida, however, signals the start of nationwide acceptance for the industry-leading continuing education curriculum for real estate professionals.

Implicit in this requirement, however, is that the Certified Foreclosure Agent maintain at least a minimum number of hours of Continuing Professional Education (CPE) each year and conduct him or herself within the ethical mandates established by the profession.

“Florida agents are required to receive 14 hours of continuing education every two years,” said Yates. “This curriculum is timely and critical in today’s environment. Survive or die is the realty that agents are faced with today.”

For more information regarding the Foreclosure.com Certified Foreclosure Agent program please visit agentuniversity.foreclosure.com/cfa/index.html or call us at (866) 382-2439.

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About Certified Foreclosure Agent program from Foreclosure.com:
The Certified Foreclosure Agent program offered through Agent University is the latest in a long line of truly innovative continuing education opportunities that Foreclosure.com offers to expand the practice and knowledge of real estate professionals nationwide. The training curriculum is delivered in a candidate-friendly format that comprises live and pre-recorded online sessions that agents participate in from the convenience of their homes and offices. This career-building certification program goes hand-in-hand with the Foreclosure.com Broker Network — the most authoritative directory in the industry used by lenders, asset managers and homebuyers alike to handpick the most qualified agents for the job.

On the Web:
Certified Foreclosure Agent Program: agentuniversity.foreclosure.com/cfa/index.html
Community Expert Program: www.foreclosure.com/realestateleads.html
Broker Network: www.foreclosure.com/brokernetwork.html

How’s that good for you?

Foreclosure.com Director of Business Development, Stephen Chip, explains:

“With distressed properties, photos are often unavailable, but our customers can use the bird’s-eye view to assess the property and the neighborhood.”

That’s right, you can now take advantage of the upgraded Foreclosure.com mapping environment with key new features, including the bird’s-eye view. We know that buyers interested in properties like to see them — to look at their context (the surrounding neighborhood, the roads, etc.).

So with Virtual Earth you can locate listings on the map choosing between a road-map, a satellite-image, or combination view. What’s more, you can zoom out to view a wide area, zoom in on a single property, or use the bird’s-eye view based on low-altitude aerial images taken from all four compass directions.

To check out a complete case study of how Foreclosure.com successfully integrated the latest map technology into its system visit Microsoft.com. And to see the maps in action, of course, head over to Foreclosure.com right now.

• If only there was a mouse out there that had 18 buttons. Oh, wait a minute, there is … http://bit.ly/lYFBZ #
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Everything is bigger in Texas … even the huge savings on foreclosure homes about to hit the auction block!

REDC, one of the nation’s most reputable and successful real estate auction companies, is gearing up for another big weekend (Sat., Nov. 14 and Sun., Nov. 15) with several major public foreclosure sales in the “Lone Star State.”

In fact, nearly 150 properties — condominiums and townhomes, as well as single- and multi-family properties — must be sold.

Everything must go, which is the reason bids can start as low as $500!

Here is where REDC will hold its upcoming foreclosure auctions in Texas (For complete details click here):

• November 14 — Hilton Anatole-Khmer Pavilion in Dallas, Texas (2201 Stemmons Freeway)
• November 15 — Hilton Americas-Houston in Houston, Texas (1600 Lamar)
• November 15 — Hilton Garden Inn Austin Downtown – Sabine in Austin, Texas (500 North IH-35)

Remember that you can bid in-person or online. If you plan to attend the foreclosure sale keep in mind that registration starts promptly at 8 a.m. local time and the auctions begin at 9:30 a.m. sharp.

The process is safe, easy and compliant with all legal regulations. And you don’t have to be an experienced real estate expert to purchase a property.

In fact, all you need to register are W-2 forms from the last two years, as well as a cashier’s check and/or check book for the Earnest Money Deposit(s).

To check out the homes for sale at the upcoming foreclosure auctions in Texas, as well as to download a digital auction brochure, click here.

Good luck!