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However a word of caution...
Buyer beware – blacklisted expired domain names
It is a well known fact that spam is a reality we have to endure for the privilege of having an online presence. However when a domain name has been used deliberately by it’s owner to send unsolicited email, companies that run search engines take a very strong stance of zero tolerance. And quite right so.
Domain names that have been used to send spam tend to be blacklisted and tagged by major search engines. This means the concerned domain name will not be indexed thus will have limited visibility online.
Simply put once a website has been blacklisted it will be banned from search engine results. So even it if a change of ownership where to occur the blacklist still remains with the domain name.
Yes it may seem unfair but unfortunately that is the nature of the beast. So before you commit to buying a domain name you should check that it is not blacklisted.
Find below a list of services that will provide information on whether a domain name has been blacklisted or not;
So what do you do if your domain name is blacklisted?
Unfortunately there is not much you can do. Our advice would be cut your losses and learn from the mistake
Resources to find expired domain names

Thousands of domain names go through the domain name expiring cycle everyday and eventually become available to be registered by Joe public. The opportunity that expired domain names bring can not and should not be ignored.
Particularly you could directly benefit through existing backlinks which the expiring domain name had gained over its life time.
These backlinks may equate to traffic and traffic implies more visibility for your website. And more visibility means more users and potentially more revenue from your website.
If the expired domain name is listed in directories you may also benefit from the added bonus of higher search engine ranking.