Foreclosure.com Announces the Winners of its 2010 Scholarship Program

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Five college students rise to the top, share nearly $10,000, in the most competitive contest to date

I want to thank everyone at Foreclosure.com for this opportunity – it’s inspired me to do so more because now I know I’m capable of doing so much more!

Foreclosure.com today announced the winners of its 2010 scholarship program, which rewards five current college students with a total of $9,000 to put toward their higher educations.

More than 1,000 current college students nationwide answered the call during the 2010 Foreclosure.com Scholarship Program, submitting essays of 1,000 words or more that answered the following question:

"How can education at the high school level help avert and/or minimize a future foreclosure crisis?”

Kaitlyn Shumelda, a junior at University at Albany, State University of New York (Albany -- SUNY) located in Albany, N.Y., however, was voted to the head of the class by our panel of judges, winning the $5,000 top prize.

“Receiving this scholarship is incredible,” said Kaitlyn. “Not only does it lift a big financial weight off my shoulders, but this amazing experience has taught me something very important.”

Kaitlyn went on to describe how she almost didn’t submit her winning entry, even after she had “put so much into it.”

“I just didn’t think I’d win,” she said. “But I figured I’d at least give it the good ‘ole college try, and I’m now so glad I did! I want to thank everyone at Foreclosure.com for this opportunity – it’s inspired me to do so more because now I know I’m capable of doing so much more. Thank you so much!”

The program, which ran from Sept. 1 to Dec. 31, 2010, also awarded four $1,000 scholarships to the contest semifinalists:

  •     Cortni Merritt, University of Central Florida
  •     Kara Karpman, Duke University
  •     James Balagia, Austin Community College
  •     Kim Huffstetler, University of Phoenix

In addition to the five cash prizes in the form of scholarships, totaling $9,000, these solutions are featured on Foreclosure.com.

To read Kaitlyn’s winning essay, as well as the others from our four semifinalists, please visit the Foreclosure.com scholarship page (http://www.foreclosure.com/scholarship).

“It is so important that high school students understand what real life is like outside the classroom – these are the future homeowners of America,” said Foreclosure.com Director of Education, Linda Yates. “Financial mistakes of the past can be avoided in the future through timely education and life lessons.”

In addition to all the students who responded, Foreclosure.com would like to acknowledge the esteemed panel of judges who selected the five finalists:

  •     Susan Wachter, University of Pennsylvania
  •     Michael Kraten, PH.D., CPA, Sawyer Business School at Suffolk University
  •     Maureen Kraten MBA, CMC, Sacred Heart University

“It's been a delight to once again work first-hand with the scholarship program and see it evolve and grow into such a success,” said Luanne Bryant, who coordinated the scholarship effort for the second straight year. “We are proud to offer one of the least restrictive scholarships available, making it a realistic option for literally any college student to apply.”

Bryant indicated that the company has already set up the 2011 Foreclosure.com Scholarship Program, which will run for the entire year until Dec. 31, 2011 – nine months longer that the previous two programs.

Foreclosure.com has issued $18,000 in scholarship money to 10 college students nationwide since the program was introduced in 2009.

To read Kaitlyn’s winning essay, as well as the others from our four semifinalists, please visit the Foreclosure.com scholarship page (http://www.foreclosure.com/scholarship).

About Foreclosure.com
With more than 2 million preforeclosure, short sale,foreclosures, Sheriff sale, foreclosure auction, bank repossessed (bankruptcy), HUD homes, foreclosed homes for rent to own 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, Fla., Foreclosure.com works directly with hundreds of top lending institutions and government agencies to list diverse property types on its website, as well as features listings from an extensive network of corporate sellers. As a result, the company has been recognized by high profile media outlets and prestigious non-profit industry groups alike as the number one rated distressed property listing resource available anywhere. Foreclosure.com offers much 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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