Website for Free & Up-to-Date Foreclosed Property Listings Unveiled by First Team(R) Real Estate

Introducing www.ForeclosureDestination.com

COSTA MESA, Calif., July 9 /PRNewswire/ -- Many smart consumers instinctively understand the financial opportunities opening up to them through a large inventory of foreclosed and other types of distressed properties currently on the market. For many hopeful homeowners, the rules of real estate have changed for the better, though few real estate companies have recognized, let alone acted on, those changes.

The notable exception is First Team Real Estate, whose recently established foreclosure, distressed property-exclusive website www.ForeclosureDestination.com extends the company's client-focused approach. Through the new site, First Team is the only broker to offer free access to over 20,000 foreclosed Southern California properties; there are no subscription fees attached.

ForeclosureDestination.com is a no-strings-attached resource for accessing up-to-date MLS listings of distressed properties, which includes all available listings across Orange, Riverside, and San Bernardino counties plus the southern area of Los Angeles County; Palm Springs and other desert areas; and north San Diego County; appealing to first time home buyers, real estate investors and current homeowners. Listings are updated daily and include a complete description, status, photos, and full address information.

Houses range in price from less than $100,000 to more than $8 million - even luxury is on sale at this unique time when consumers can buy homes at prices significantly lower than what's been seen for many years.

Navigation of the site is especially user-friendly, allowing anyone to search specific areas, price ranges, and property types for detailed listings of the best bargains in specific neighborhoods. Because full addresses are included, prospective buyers can determine the exact location of a property of interest.

The website also provides instant access to local, Southern California real estate agents with specific expertise of the neighborhoods and markets being searched to help consumers maximize the value of their purchase.

The new website is great news for those local consumers who are part of a nationwide trend as revealed by a recent survey showing that 55 percent of adults in the U.S. would consider buying a foreclosed home. The number marks a significant jump from a figure of 47 percent in a similar survey made in November, 2008. The survey, released in May, 2009 was conducted by Harris Interactive on behalf of real estate industry leaders in online property listings.

According to First Team founder and CEO Cameron Merage, the bold move to provide consumers with a free, distressed property-exclusive website is in keeping with the spirit of his company's "The NEW Rules of Real Estate(R)" campaign, which sets a higher standard for client service in real estate. Merage added, "The website is specifically designed to empower clients so they can make the best use of the latest dynamics in the real estate market in real time to find a great house at an affordable price."

For more information about how First Team can help you find the best real estate opportunities for yourself and view current distressed property listings, visit ForeclosureDestination.com.

About the Company

Founded by President and CEO Cameron Merage with five agents in one office in 1976, First Team(R) Real Estate and its Family of Companies, including Hallmark Escrow, Coast Cities Escrow and Western Resources Title, have grown to over 2,000 agents and employees across 56 locations. The company has responded to changing markets for more than 33 years with innovative programs and targeted marketing enabling the company to sell more homes in Orange County in the last ten years than any other brokerage, according to Real Data Strategies, Inc. First Team Real Estate, based in Orange County, is the # 1 independent real estate company in Southern California according to the 2008 RIS Media Power Broker Report and has sold more homes over $1 million in Orange County, CA according to 2009 TRENDGRAPHIX, Inc. report for Orange County, CA, all residential property types $1 million and above.

First Team wins market share in any economic climate through innovation and proprietary marketing tools such as "The NEW Rules of Real Estate", HOT BUYS(R) and Market Trends and successfully targets the luxury market with First Team Estates' "Live Beautifully(R)" campaign. First Team has relationships with Luxury Portfolio(R), the world's top luxury destination website, and Realtor.com(R), Yahoo! Real Estates (R), Zillow(R) and many more. The company's "First in our Hearts" Foundation is well known for its generosity to the Southern California community.

SOURCE First Team Real Estate