RealtyTrac Executive Will Address the Latest Foreclosure Prevention Legislation
IRVINE, Calif. – July 22, 2008 – Rick Sharga, vice president of marketing at RealtyTrac™ (http://www.realtytrac.com/), the leading online marketplace for foreclosure properties, will be a featured panelist at two breakout sessions during the Real Estate Connect San Francisco 2008 conference July 23-25 at the Palace Hotel in San Francisco, Calif.
During his first session, “Foreclosure Landscape: A Look at Where We’ve Been and Where We’re Headed,” on Wednesday, July 23 at 11:15 a.m., Sharga will give a historical perspective of the past, present and future of the foreclosure phenomenon that has a stranglehold on the national economy.
Then on Thursday, July 24 at 4 p.m., Sharga will participate as a panelist in “Working the Foreclosure Market,” a comprehensive session where he will elaborate on the many options open to potential home buyers, real estate investors and real estate professionals who seek to benefit from the discounts available thanks to a glut of foreclosure inventory presently in the marketplace.
“The dynamics of the nation’s real estate market have done an abrupt about-face in little more than a year,” said Sharga. “Buyers are clearly at an advantage. Prices and sales have fallen dramatically. And the time is right for investors and real estate professionals to learn how to prosper in this difficult environment.”
According to the RealtyTrac U.S. Foreclosure Market Report for May 2008, the nation’s foreclosure activity rose more than 7 percent from the previous month and 48 percent from the same month in 2007. One in every 483 U.S. households received a foreclosure filing during May.
RealtyTrac has become the go-to source for foreclosure information for the national media — broadcast, Web-based and print — and is relied on for foreclosure data by myriad state and federal governmental entities, including the U.S. Senate Joint Economic Committee, the U.S. Treasury Department, the Federal Reserve, the FBI and the New York State Banking Department.
Sharga is responsible for building and maintaining the RealtyTrac brand, corporate positioning and messaging, public relations and investor relations, as well as all sales and marketing communications activities. As a spokesman for the company, Sharga has been widely quoted by the news media on subjects ranging from foreclosure trends to general real estate and financial market conditions, mortgage banking, interest rates and technology.
He has appeared on NBC Nightly News, CNBC, CNN, CBS, ABC World News Tonight, Fox, Bloomberg and NPR. He is frequently quoted in the Wall Street Journal, the New York Times, the Washington Post, the Los Angeles Times and many other major daily newspapers.
Prior to joining RealtyTrac in 2003, Sharga spent more than 20 years developing corporate and product branding strategies for technology start-up companies and international corporations such as DuPont, Fujitsu, Hitachi and Toshiba. He began his career with one of the world’s largest ad agencies — Foote, Cone and Belding — and also had successful engagements with Ketchum Communications and McGraw-Hill.
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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