Sunday 17 August 2008

Foreclosure domain + toll-free portfolio up for auction

The Fall 2008 Ocean Tomo catalogue has now been published online. Most of the IP put up for auction consists of patents, but there are also two portfolios of domain names on offer - both from Free Publication Systems, Inc.

The principal domain name portfolio on sale is 1800FORECLOSURE.COM, on which the lot summary says:
"The offering acts as a premier online outlet to those searching for information on issues related to foreclosures, an issue currently of particular concern among U.S. households. With the U.S. housing market in turmoil, economists estimate 2.5 million homes nationwide will enter the foreclosure process this year, up from about 1.5 million in 2007. With the current economic strains affecting the housing market, foreclosures in the U.S. are a major focus for both buyers and sellers of real estate.

The Lot offers the buyer ownership over 20 related domain names as well as the right to us the toll free phone number 1800-FORECLOSURE. This portfolio will enable the final owner to be a leading comprehensive online resource for all things real estate. These combined assets enable the winning purchaser access to the core elements necessary to build, or enhance a real estate business".
The expected value placed on this portfolio is $750,000+ , which looks like a pretty good return for whoever went to the relatively minimal trouble of obtaining the registrations in question.

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