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Foreclosures OnLine http://www.4close.com/ is a member's only resource that may just be one of the best bargains around if you are seeking foreclosed properties or market trend data in the US.

At $195 to register (including first month's dues) and $19.95 per month the price is very steep, but our recent tour of the quarterly newsletter, regional and national market data, and a 25,000 property database of multiple-source foreclosures indicates this is a resource to reckon with.

For instance, in our home town of Grapevine, TX, we found three foreclosed properties listed, from three different sources (HUD, FMNA, FHLMC). It is rare in this community to find even one foreclosed property on the market, and rarer still to be able readily to access data from multiple sources.

If time is critical, and it always is when dealing with foreclosed properties, then you need all the time-savers you can find, and Foreclosures Online is definitely a time-saver.

In addition to the database we found a gold mind of market trend information in the charts and graphs of 12 regional markets and the relation of market growth to "troubled mortgages."

Since foreclosure information is the most frequently sought listing data that consumers ask IRED about, we believe there is a strong market for this kind of service. You can preview last quarter's newsletter and samples of the data at http://www.4close.com/nonmembers/info.htm.

Editor Terry Struthers, President of DataCorp, Inc, is to be commended for providing the kind of services to lenders and consumers that we wish the Resolution Trust Corporation (the monolithic government "solution" to the real estate bust of the 80's) had offered. To be fair, the World Wide Web did not exist at the time, and public access to property information was a mere fantasy whose time had not yet come. Now it has! Celebrate!