Foreclosure.com Names Phillip Clark as CFO

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Clark to help guide Foreclosure.com through market growth and expansion efforts.

I look forward to helping Foreclosure.com capitalize on exciting market opportunities through a strategic growth strategy.

Foreclosure.com today announced Phillip Clark – a 27-year financial and operational management veteran – has joined the company as chief financial officer (CFO). Clark will oversee the financial management of Foreclosure.com, helping guide the company through its continuing efforts to expand its presence in the online real estate market.

“Today, the Internet and real estate are closely linked, creating enormous opportunities for us in the consumer, mortgage lender and mortgage servicing markets,” said Brad Geisen, president, Foreclosure.com. “In 2005, we significantly expanded the company’s staff – 46 percent – to improve the information and data on our Web site for our customers. Heading into 2006, we expect to continue our rapid growth by introducing even more advanced services to the lender and mortgage servicing markets.”

Clark joins Foreclosure.com from Alliance Care, a multi-state healthcare company, at which he served as CFO for the past six years. Prior to Alliance Care, Clark held senior positions at healthcare consultancy, BDO Seidman, LLP, and was the founder and CFO of FirstChoice Health Care Services.

“Foreclosure.com, with its reputation and knowledge of the real estate and technology industries, as well as aggressive approach to penetrating new markets, is poised to continue its track record of year-over-year growth,” said Clark. “I look forward to helping Foreclosure.com capitalize on exciting market opportunities through a strategic growth strategy.”

Geisen added, “We are excited to have Phillip join the company to help manage our growth and expansion. He has a proven track record of developing highly productive, high-quality teams. Phillip also brings the enthusiasm and leadership skills that fit Foreclosure.com’s entrepreneurial spirit.”

About Foreclosure.com

With more than 1.2 million foreclosure, preforeclosure, bankruptcy, FSBO and tax lien listings in one place, Foreclosure.com delivers America’s largest and most accurate searchable database of foreclosed homes and investment property information to its customers and business partners. Based in Boca Raton, Florida, Foreclosure.com works with hundreds of top lending institutions and government agencies to list diverse property types on its Web site, including Real Estate Owned (REO); 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 Web: http://www.foreclosure.com.

Contact:

Harpell

Irene Savage

781-210-0938

Tristam Wallace

781-210-0944

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