Agreement Brings RealtyTrac Foreclosure Data to FrontDoor
IRVINE, Calif. – July 23, 2008 – RealtyTrac™ (http://www.realtytrac.com/), the leading online marketplace for foreclosure properties, and FrontDoor.com (http://www.frontdoor.com), the real estate website powered by HGTV, today announced a new agreement and strategic partnership that will allow RealtyTrac to feed FrontDoor.com real-time properties from its nationwide foreclosure database of default, auction and bank-owned homes.
“FrontDoor.com is an exciting addition to our ever-growing network of valued partners,” said Rick Sharga, vice president of marketing at RealtyTrac. “We are committed to providing FronDoor.com and its visitors the most comprehensive set of foreclosure properties, and exclusive foreclosure-related editorial content, written specifically for them.”
With real estate in a downturn in most markets nationwide, the foreclosure marketplace is one of the few growing areas in real estate. During 2007, there were more than 2.2 million foreclosure filings — default notices, auction sale notices and bank repossessions — reported on more than 1.2 million properties nationwide, a 75 percent increase in total filings from 2006. Foreclosure activity increased 112 percent in the first quarter of 2008, according to the RealtyTrac U.S. Foreclosure Market Report.
“We are delighted to announce this new partnership with one of the strongest and most trusted real estate brands on the Web,” said Vikki Neil, vice president of real estate for SN Digital. “This new alliance between FrontDoor and RealtyTrac will open the door to help promote a full view of home transactions to the FrontDoor and HGTV audience in this challenging market.”
FrontDoor.com currently lists more than 3 million homes for sale, expert advice, news, tips, neighborhood snapshots and the latest property listings. The site also provides real estate and home finance tools and calculators; along with more than 500 videos from HGTV, as well as original Web series created exclusively for FrontDoor.
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/.
FrontDoor.com (http://www.frontdoor.com) is an online real estate listing service powered by HGTV, the No.1 source for home-related media content. The site currently offers more than 3 million listings of homes for sale and partners with top real estate brokerages throughout the U.S. FrontDoor.com also offers expert advice and HGTV videos, original Web series and a comprehensive library of engaging, interactive tools, guides and information.
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