August 8, 2006; 03:07 AM
TaxForeclosure(s).com, LLC, a Baltimore, MD-based holding company for a number of domain names
related to the tax lien and tax foreclosure markets, announced today
that it is selling a package of domain names including www.taxforclosure.com and www.taxforclosures.com.
Originally registered in 1998, these domains represent an estimated 4.5
billion-dollar market that is expected to grow substantially over the
coming years. Tax foreclosures are the result of unpaid municipal
taxes.
The market for domain names has recently
experienced a resurgence as businesses have come to realize that a
domain name, especially a direct-request domain (defined as one that is
simply keyed into a browser by an individual searching the Internet,
rather into Google by someone surfing) is a potentially lucrative lead
flow vehicle, due to the very specific nature of the traffic these
domains generate. Moreover the domain name factors prominently into the
algorithm used by many search engines to establish ranking order,
pushing sites higher up in the search engines. Certain
economic factors are currently contributing to increased market
activity: high consumer debt to income ratios, low savings rate, the
threat of inflation and increasing defaults on interest only, or ARM
loans. As a result, a number of Web sites have begun to cater to the
needs of investors seeking to get in on the tax foreclosure market, and
to home owners 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. Additionally 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. These organizations are
using portal Web sites, based on direct-request domains like
taxforeclosures.com, as a means to generate business leads. Within this
market context, TaxForeclosure(s).com, LLC 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 Web site www.taxforeclosures.com.
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