Agreement Brings RealtyTrac Foreclosure Data to the HomeFinder.com Network of 130+ newspaper sites
IRVINE, Calif. – August 5, 2009 – RealtyTrac™ (http://www.realtytrac.com/), the leading online marketplace for foreclosure properties, and HomeFinder.com (www.homefinder.com), one of the most trusted sources for consumers to find a home online and connect with real estate professionals, today announced a new agreement and strategic partnership. Effective immediately, real-time foreclosure data from RealtyTrac’s nationwide database of default, auction and bank-owned homes are searchable on HomeFinder.com and its national media network (http://www.homefinder.com/company/network) of 130+ newspaper sites.
“The HomeFinder.com network includes some of the most trusted and powerful media brands in the country’s largest markets where foreclosures are at an all time high, and we’re committed to helping the industry aggressively market and sell these properties.” said Rick Sharga, senior vice president at RealtyTrac. “HomeFinder.com offers RealtyTrac an inclusive partnership with both a powerful media reach and a broad and relevant news audience that’s a natural fit for our foreclosure listings as well as our robust statistical data.”
RealtyTrac listings on HomeFinder.com display a Microsoft Virtual Earth aerial photograph of the property’s neighborhood, and users can take advantage of HomeFinder.com’s Street View feature to see Google street view images of the neighborhood where available. Consumers who want access to complete property details can register with RealtyTrac for a seven-day free trial.
“We are delighted to announce this new partnership with one of the most trusted foreclosure authorities in the industry,” said Tim Fagan, president and CEO of HomeFinder.com. “This alliance with RealtyTrac will help us promote a full view of home transactions, and is an extension of our continued pledge to effectively meet the growing needs of our home buying and selling audience in this challenging market.”
In the first half of 2009, foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on more than 1.5 million properties nationwide, a 9 percent increase from the previous six months and a nearly 15 percent increase from the first half of 2008. In June alone, foreclosure filings were reported on 336,173 U.S. properties, the fourth straight monthly total exceeding 300,000.
About RealtyTrac Inc.
RealtyTrac (http://www.realtytrac.com/) is the leading online marketplace of foreclosure properties, with more than 1.5 million default, auction and bank-owned listings from over 2,200 U.S. counties, along with detailed property, loan and home sales data. Hosting more than 3 million unique monthly visitors, RealtyTrac provides innovative technology solutions and practical education resources to facilitate buying, selling and investing in real estate.
Cited by thousands of media outlets each quarter — including all the major news networks and leading publications such as The Wall Street Journal, The New York Times and USA TODAY. RealtyTrac’s foreclosure data also has been used by the Federal Reserve, FBI, U.S. Senate Joint Economic Committee and Banking Committee, U.S. Treasury Department, and numerous state housing and banking departments to help evaluate foreclosure trends and address policy issues related to foreclosures.
HomeFinder.com (www.homefinder.com) is one of the most trusted Web sites for consumers to search for a home and connect with a real estate professional. Distinguished by its inventory of comprehensive property listings and rich content, HomeFinder.com provides more than 3.2 million listings with customized searches and multiple options to view and manage results.
HomeFinder.com also provides simpler, more valuable online advertising solutions for agents, brokers and builders, combining the brand power of more than 130 local newspaper Web sites with exposure on a national scope, in a platform that tracks every phone call, email and/or click a consumer makes.
Owned jointly by three leading media companies, Gannett Co. Inc. (NYSE: GCI), The McClatchy Co. (NYSE: MNI) and Tribune Co., the HomeFinder.com Network includes The Arizona Republic, Chicago Tribune, The Miami Herald, Los Angeles Times and The Indianapolis Star. For more information, visit http://www.homefinder.com.
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