Foreclosure.com 2011 College Scholarship Program Deadline Expires

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Company inundated with nearly 10,000 submissions, will soon announce five collegiate undergraduate students who will share $9,000 annual grant.

We are thrilled with the tremendous amount of submissions we received for our 2011 scholarship program... We look forward to even more creative and well-thought-out essays in 2012 and beyond.

Foreclosure.com today announced that the deadline to submit essays for its 2011 scholarship program has expired and that it will now begin the review process of the nearly 10,000 submissions received throughout the 10-month contest.

At the beginning of the year, the company challenged college students throughout the nation, regardless of major, to answer the following question:

“You have acquired $150,000 in cash to be used specifically for a distressed real estate purchase. Outline a detailed strategy that ensures the maximum return on investment, whether it is in terms of financial profit or personal satisfaction... or both.”

Entries, which were required to be original and be at least 800 words in length and no more than 2,000, came from far and wide across the United States, including University of Southern California (USC), Syracuse University, Duke University, Ohio State University (OSU) and Arizona State University (ASU), among others.

In total, the Foreclosure.com 2011 Scholarship Program tallied 9,636 essay submissions.

“We are thrilled with the tremendous amount of submissions we received for our 2011 scholarship program,” said Linda Yates, Foreclosure.com Director of Education. “Now it’s time for our esteemed panel of university professors throughout the nation to determine the five talented winners. We appreciate those educational institutions that have supported our program by sharing/posting the link to our scholarship page for the benefit of their students.”

Foreclosure.com will review each submission and determine the top 20 based on writing ability, creativity, originality and overall excellence. The company will then provide the top 20 submissions to an outside panel of third-party expert judges, whose collective impressions will determine the five scholarship-winning entries.

The grand prize winner with the best essay will receive a $5,000 scholarship, while the four runners up will each receive $1,000 each to put toward their higher educations. In addition, all scholarship winners will have their essays featured on Foreclosure.com’s scholarship page.

Foreclosure.com expects to announce the five winners of its 2011 scholarship program on or around Jan. 31, 2012. In the meantime, already plans to offer a similar scholarship program in 2012 based on the continued success and increasing participation among college students.

“The 2012 scholarship topic will be announced very soon,” said Yates. “We encourage college students to keep checking Foreclosure.com for all the details. It is an exciting time of year as we determine winners and brainstorm next year's foreclosure topic. We look forward to even more creative and well-thought-out essays in 2012 and beyond.”

Foreclosure.com introduced its scholarship program in 2009. Since that time, the company has (or will) award(ed) 15 deserving college students throughout the United States with a total of $27,000 in scholarship money.    

For complete scholarship details visit the Foreclosure.com (http://www.foreclosure.com/scholarship) scholarship page.

About Foreclosure.com:
With more than two million foreclosures, preforeclosures, short sales, sheriff sales, auctions, bank repossessed (bankruptcy), HUD homes and rent-to-own listings, Foreclosure.com provides homebuyers and investors everywhere with the largest and most precise searchable database of diverse investment properties and distressed real estate located throughout the United States. Located in Boca Raton, Fla., Forecosure.com works direct with hundreds of government agencies and lending institutions, as well as features listings from a widespread network or corporate sellers. Prestigious non-profit and high profile media outlets have recognized Foreclosure.com as the number one rated distressed property listing resource available anywhere. Foreclosure.com offers a great deal more than just real estate listings, connecting sellers, buyers and agents in one convenient location as a one-stop real estate marketplace.

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Tom Myers
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