Foreclosure postings a new addition to website that already attracts homebuyers and investors to 8.5 million properties in more than 75 countries.
IRVINE, Calif. – April 28, 2009 – RealtyTrac® (realtytrac.com), the leading online marketplace for foreclosure properties, and Enormo (www.enormo.com), a leading global real estate portal, today announced a groundbreaking strategic alliance that will give Enormo’s international user base of potential homebuyers and investors unique access to RealtyTrac’s database of U.S. foreclosures.
RealtyTrac’s foreclosure listings are seamlessly integrated into Enormo’s search functionality, allowing users to browse more than 1 million foreclosure properties from 2,200 U.S. counties. As RealtyTrac’s first-ever international partnership, the alliance will enable the company to accept international subscriptions to its service thanks to Enormo’s translation of RealtyTrac’s marketing messages into its 31 interface languages.
“Foreclosure inventories around the United States are at historically high levels, and interest in purchasing those properties has been growing steadily from buyers and investors outside of the U.S.,” said RealtyTrac Senior Vice President Rick Sharga. “This alliance with Enormo provides global exposure for RealtyTrac’s foreclosure data, and gives Enormo a comprehensive list of U.S. foreclosure properties to add to its vast menu of property listings.”
The foreclosure property search feature on Enormo allows buyers to view properties in all three stages of the foreclosure process — pre-foreclosure, auction and bank-owned (known as REOs). At the same time it allows real estate professionals who work with Enormo a chance to offer a greater selection of properties for would-be home buyers and investors as they navigate this complex area of real estate. In today’s tougher economic climate, establishing a foothold in the distressed property market is extremely important to real estate professionals who want to survive and prosper in a more difficult selling environment.
"The timing is perfect for Enormo to partner with RealtyTrac — the strength of other currencies against the dollar combined with the great value of U.S. housing stock is driving interest from new investors who want a piece of the foreclosure action,” said Enormo CEO Yannick Laclau. “With the addition of these 1 million listings from RealtyTrac, Enormo gives its users unique access to great value properties, and cements its position as the number one website for international real estate.”
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.
Enormo (www.enormo.com) specializes in connecting real estate agents, brokers and developers with new buyers on a global level. The company has grown rapidly, now attracting more than 4 million visitors from over 200 countries, who spend in excess of 100,000 hours browsing listings every month. In all, Enormo has 76 separate domains acting as local gateway portals to 8.5 million listings.
Enormo has recently launched its latest project, a new section dedicated to residential developers and their international investors. Enormo new builds offers developers the opportunities to upload unlimited-length property descriptions, photos, floorplans, downloadable brochures, up to 10 video clips, virtual tours, highlights of the location and snapshots of the surrounding neighborhood.
Enormo is now ranked ninth Most-Visited Real Estate Website in the world by independent auditors, comScore.
Enormo Media Contact:
+34 93 802 34 55
RealtyTrac Media Contacts:
949.502.8300 Ext. 139
949.502.8300 Ext. 268
Detailed & Historical Data:
949.502.8300 Ext. 158