Publication Only Newsletter Dedicated to Foreclosure Investors
IRVINE, Calif. – May 27, 2008 – RTI Publishing, Inc., a subsidiary of RealtyTrac™ (http://www.realtytrac.com/), the leading online marketplace for foreclosure properties, announced that its Foreclosure News Report, a monthly newsletter dedicated exclusively to foreclosure investing, has reached nearly 50,000 monthly subscribers after just one year of publication.
Foreclosure News Report — asubscription-based 12-to-16 page newsletter — covers news relating to the foreclosure marketplace, success stories from real foreclosure buyers and investors, legal updates, guest columnists and the latest state and national foreclosure trends. The publication is chock-full of in-depth reporting on all aspects of the foreclosure process nationwide. Each issue includes a state or regional spotlight that goes in-depth about market conditions in that area. The newsletter covers all aspects of the foreclosure process, from pre-foreclosures to bank-owned properties to courthouse foreclosure auctions — as well as the inner workings of investing in foreclosure properties.
“The initial response to the newsletter has been favorable beyond even our most optimistic expectations,” said Rick Sharga, publisher of Foreclosure News Report and vice president of marketing at RealtyTrac. “Our paid circulation has grown much faster than anticipated, with nearly 50,000 subscribers receiving the newsletter each month, which I believe is a testament to the high caliber of the editorial team.”
The Foreclosure News Report helps Brentwood, Tenn., investor Kirk Leipzig stay informed in a ever-changing market.
“Thank you for the great newsletter,” he wrote in a letter to the editor. “I love to receive them and see what else is happening out there. The amazing thing was I just bought two brand new homes as REO from the bank one day before getting the November newsletter, which had a front-page article on "New Home Market for Investors.” I am buying five more new homes next week from the bank. I just wanted to confirm with you that your article is right on the mark. I am buying $750,000 homes for $450,000. Just wanted to tell you that you are right on. Keep the newsletters coming!”
With real estate in a down cycle nationally, foreclosures are growing rapidly. During 2007, there were more than 2.2 million foreclosure filings — default notices, auction sale notices and bank repossessions — reported on nearly 1.3 million properties nationwide, a 75 percent increase in total filings from 2006. And in the first quarter of 2008, more than 649,917 properties received a foreclosure filing, a 23 percent increase from the previous quarter and a 112 percent increase from the first quarter of 2007.
An annual subscription to the Foreclosure News Report costs just $79.95, and subscribers who are RealtyTrac members can save 50 percent off the cover price. For more information, or to subscribe, visit www.foreclosurenewsreport.com.
About RealtyTrac Inc.
Ranked as the third largest real estate site by MediaMetrix and No. 53 on Inc. magazine’s 2006 Inc. 500 list of the nation’s fastest-growing private companies, RealtyTrac Inc. (http://www.realtytrac.com/), is the leading online marketplace for foreclosure properties, providing all the resources that home seekers, investors and real estate agents need to locate, evaluate and buy properties below market value.
Founded in 1996, RealtyTrac publishes the largest and most comprehensive national database of pre-foreclosure, foreclosure, For Sale By Owner, resale and new construction properties, with more than 1 million properties across the country, property reports, productivity tools and extensive professional resources. RealtyTrac hosts nearly 3 million unique visitors monthly and has been chosen to supply foreclosure data to MSN Real Estate, Yahoo! Real Estate and The Wall Street Journal’s Real Estate Journal. For more information, visit http://www.realtytrac.com/.
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