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Package of Tax-Lien and Foreclosure Domain Names for Sale: 'The mortgage industry is killing each other for leads.'.

Mortgage Servicing News

| September 01, 2006 | Harmon, Jennifer | COPYRIGHT 2006 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

BALTIMORE -- TaxForeclosures.com LLC, a holding company in Baltimore for a number of domain names related to the tax-lien and tax-foreclosure markets, is selling a package of domain names including www.taxforeclosure.com and www.taxforeclosures.com.

Originally registered in 1998, these domains represent an estimated $4.5 billion market that is expected to grow substantially over the coming years, according to John Starling, president, TaxForeclosures.com.

Mr. Starling says the threat of inflation and increasing defaults on interest-only loans is contributing to increased market activity. "As a result, a number of websites have begun to cater to the needs of investors seeking to get in on the tax-foreclosure market, and to homeowners who desire to head off a tax foreclosure before it happens, or need help dealing with the process as it happens."

Many companies in the tax-foreclosure market specialize in listing properties and providing how-to information to distressed property owners or would-be investors. Banking institutions, finance companies, bankruptcy attorneys, credit agencies and mortgage lenders specializing in helping people consolidate debt are interested in tapping into this market for lead flow, he said.

These organizations are using portal websites, based on direct-request domains as a means to generate business leads. Within this market context, TaxForeclosures.com is seeking to divest itself of some of its inventory of industry specific domains and is conducting the sale of its domains via the current website.

"The name is a ...

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