According to Foreclosure.com, the Total Number of National Foreclosure
         Listings Remains at a High Level to Start the Second Quarter

    BOCA RATON, Fla., May 5 /PRNewswire/ -- According to data released today
by online foreclosure listing service, Foreclosure.com, there were 29,938 new
foreclosed residential properties listed in the U.S. during April 2004.
Overall, the total number of foreclosed properties in the United States in
April was 75,490.  Texas, Georgia, North Carolina, Ohio and Michigan reported
the highest number of new and total foreclosures in the country during the
past month.
    "The continued high supply of foreclosed properties offers home buyers and
real estate investors a solid opportunity to find properties at a discounted
price," said Greg Sullivan, vice president and co-founder, Foreclosure.com.
"The burden of foreclosed properties on lending institutions creates a buyer's
market and presents an opportunity to enter into home ownership at an
affordable cost."

    Note to Editors: Due to the addition of new data sources for foreclosed
properties by Foreclosure.com during the month of April, historical comparison
data may be discrepant. Data includes foreclosed properties in the 50 states
and the District of Columbia.

    U.S. Foreclosure Data for April 2004:

     ALASKA
     Total Properties: 59
     New Foreclosures: 15

     ALABAMA
     Total Properties: 1735
     New Foreclosures: 712

     ARKANSAS
     Total Properties: 807
     New Foreclosures: 367

     ARIZONA
     Total Properties: 1315
     New Foreclosures: 557


     CALIFORNIA
     Total Properties: 592
     New Foreclosures: 256

     COLORADO
     Total Properties: 2035
     New Foreclosures: 732

     CONNECTICUT
     Total Properties: 289
     New Foreclosures: 118

     DISTRICT OF COLUMBIA
     Total Properties: 40
     New Foreclosures: 13

     DELAWARE
     Total Properties: 98
     New Foreclosures: 43

     FLORIDA
     Total Properties: 2327
     New Foreclosures: 1040

     GEORGIA
     Total Properties: 5478
     New Foreclosures: 2180

     HAWAII
     Total Properties: 28
     New Foreclosures: 9

     IOWA
     Total Properties: 854
     New Foreclosures: 310

     IDAHO
     Total Properties: 669
     New Foreclosures: 249

     ILLINOIS
     Total Properties: 2822
     New Foreclosures: 1092

     INDIANA
     Total Properties: 4212
     New Foreclosures: 1561

     KANSAS
     Total Properties: 813
     New Foreclosures: 292

     KENTUCKY
     Total Properties: 1232
     New Foreclosures: 481

     LOUISIANA
     Total Properties: 1105
     New Foreclosures: 528

     MASSACHUSETTS
     Total Properties: 114
     New Foreclosures: 43

     MARYLAND
     Total Properties: 1091
     New Foreclosures: 392

     MAINE
     Total Properties: 124
     New Foreclosures: 45

     MICHIGAN
     Total Properties: 4703
     New Foreclosures: 1791

     MINNESOTA
     Total Properties: 543
     New Foreclosures: 205

     MISSOURI
     Total Properties: 2078
     New Foreclosures: 849

     MISSISSIPPI
     Total Properties: 1054
     New Foreclosures: 494

     MONTANA
     Total Properties: 154
     New Foreclosures: 48

     NORTH CAROLINA
     Total Properties: 5276
     New Foreclosures: 1961

     NORTH DAKOTA
     Total Properties: 70
     New Foreclosures: 22

     NEBRASKA
     Total Properties: 466
     New Foreclosures: 168

     NEW HAMPSHIRE
     Total Properties: 49
     New Foreclosures: 13

     NEW JERSEY
     Total Properties: 664
     New Foreclosures: 241

     NEW MEXICO
     Total Properties: 706
     New Foreclosures: 264

     NEVADA
     Total Properties: 435
     New Foreclosures: 196

     NEW YORK
     Total Properties: 2018
     New Foreclosures: 724

     OHIO
     Total Properties: 5141
     New Foreclosures: 1987

     OKLAHOMA
     Total Properties: 1257
     New Foreclosures: 455

     OREGON
     Total Properties: 1040
     New Foreclosures: 274

     PENNSYLVANIA
     Total Properties: 2897
     New Foreclosures: 1067

     RHODE ISLAND
     Total Properties: 4
     New Foreclosures: 1

     SOUTH CAROLINA
     Total Properties: 2162
     New Foreclosures: 770

     SOUTH DAKOTA
     Total Properties: 114
     New Foreclosures: 34

     TENNESSEE
     Total Properties: 3295
     New Foreclosures: 1490

     TEXAS
     Total Properties: 8137
     New Foreclosures: 3812

     UTAH
     Total Properties: 1352
     New Foreclosures: 540

     VIRGINIA
     Total Properties: 901
     New Foreclosures: 323

     VERMONT
     Total Properties: 28
     New Foreclosures: 12

     WASHINGTON
     Total Properties: 1873
     New Foreclosures: 702

     WISCONSIN
     Total Properties: 781
     New Foreclosures: 301

     WEST VIRGINIA
     Total Properties: 365
     New Foreclosures: 127

     WYOMING
     Total Properties: 88
     New Foreclosures: 32

    About Foreclosure.com
    Based in Boca Raton, Florida, Foreclosure.com is committed to delivering
the most comprehensive, up-to-date database of residential foreclosure
properties in the United States to its customers and business partners through
its cost-effective, Web-based subscription service.  Through the company's
work with hundreds of the top lending institutions and government agencies,
Foreclosure.com has access to the nation's largest inventory of residential
foreclosure real estate, including Real Estate-Owned (REO) properties;
Department of Housing and Urban Development (HUD), Department of Veterans
Affairs (VA), Fannie Mae, and other government agency and financial
institution properties; as well as listings from an extensive network of
corporate sellers.  On the Net:  http://www.foreclosure.com/

     Irene Savage/Tristam Wallace
     Harpell, Inc.
     781-274-9148/781-274-8710
     mailto:%20isavage@harpell.com/twallace@harpell.com