Live Data Buys Preforeclosure URL

Live Data Group Inc., the Boca Raton, Fla.-based operating company for Foreclosure.com, has acquired the www.preforeclosure.com URL and the development of a new Preforeclosure.com website.Scheduled to launch in the fall, the new Preforeclosure.com website will offer subscribers a database of residential preforeclosure listings, as well as access to a database of foreclosure, bankruptcy, for-sale-by-owner, and distressed properties, according to the company. "With the launch of the new site, we will empower Preforeclosure.com users with the same simple access to property listings that our subscribers have come to expect from us," said Brad Geisen, president and chief executive officer of Live Data. "Adding the URL to our family of websites will allow us to cater to a new set of real estate consumers who are specifically searching for an online resource that provides detailed information on properties in the preforeclosure stage."