REALTYTRAC UNVEILS NEXT GENERATION WEB SITE TO HELP USERS LOCATE, EVALUATE AND BUY REAL ESTATE AT BELOW MARKET VALUE
Leading Foreclosure Marketplace Offers Industry’s Largest Database with More than 500,000 Properties Nationwide, Comprehensive Data, Productivity Tools and Professional Resource Center
Lake Forest, Calif. – June 28, 2004 – RealtyTrac (www.realtytrac.com), the country’s leading foreclosure marketplace, today launched its next-generation Website. The new site will help home seekers, investors and realtors quickly and easily locate, evaluate and buy real estate at below market value. RealtyTrac sets a new standard by offering the industry’s largest database of pre-foreclosure and foreclosure properties, comprehensive property data, productivity tools and extensive professional resources. RealtyTrac, which counts close to two million unique visitors monthly, is the exclusive foreclosure data provider to AOL, HomeGain, MSN House & Home, The Wall Street Journal Real EstateJournal, and Yahoo! Real Estate.
“We selected RealtyTrac as our foreclosure property content provider because they’ve compiled the most comprehensive database of pre-foreclosure and foreclosure properties in the country, along with the tools and services consumers need to locate and research these properties. RealtyTrac is an ideal partner to help HomeGain fulfill its mission of providing consumers with the information they need to successfully navigate the home selling and buying process,” stated Glenn Houck, senior vice president, HomeGain.
Foreclosures have traditionally been a hidden market opportunity, and laws regarding the purchase of foreclosure property vary from state-to-state. In the past, home buyers interested in foreclosure properties have had to purchase expensive specialized property reports, or go through the time-consuming and hit-or-miss process of sifting through default filings in newspapers, legal journals or attending courthouse trustee sales.
“RealtyTrac is about democratizing information that has historically been available to only professional real estate insiders,” said James Saccacio, RealtyTrac Chief Executive Officer. “RealtyTrac aggregates property listings from public records, lenders and asset managers across the country, and makes it easy for the average consumer to find the best real estate deals. It also provides a way for homeowners who are facing possible foreclosures to expose their properties to hundreds of thousands of potential buyers.”
The process of finding and purchasing foreclosure properties has been a challenge even for professional investors because of the scarcity of timely information and the variations in state laws. The RealtyTrac site includes a reference section with educational materials about the foreclosure process, state laws, and links to real estate professionals who can help consumers navigate the process.
“I have been investing in real estate for over ten years and have never experienced a foreclosure Website quite like this one – RealtyTrac has excellent customer service and maintains thorough, up-to-date information,” said Tao Beasley, an Orange County-based real estate investor. “I will continue to use RealtyTrac for many years to come and have recommended this Website to lots of people searching for a home or investment property. I can’t say enough about RealtyTrac.”
The New RealtyTrac – Resources to Locate, Evaluate, Buy
RealtyTrac’s new Website includes greater national reach, more comprehensive data on available properties, powerful productivity tools and a professional resource center to make it even easier for consumers and investors to locate,evaluate and buy attractive real estate properties. Key features include:
Largest database – the largest database of pre-foreclosure and foreclosedproperties with over 500,000 properties across the country
Property valuations – proprietary algorithms will provide estimated values based on available property and financial information
Bank lien/bankruptcy data – new financial data will allow buyers to identifyproperty owner’s financial situation
MyRealtyTrac – allows users to customize the site for particular interests
Daily Notifications – members are notified the moment a new property that fits their specifications is entered into the RealtyTrac database
Postcard – allows members to send a notification of interest directlyto a home owner
Educational materials – allows users to learn specifics surrounding purchase of pre-foreclosure and foreclosure properties
Professional referral network – allows users to identify a financial,legal or real estate professional in their area
About RealtyTrac, Inc.
RealtyTrac, Inc., (www.realtytrac.com) the leading online marketplace for foreclosure properties provides all the resources that home seekers, investors and real estate agents need to locate, evaluate and buy properties at below market value. Founded in 1996, RealtyTrac sets a new standard for online real estate services by offering the largest database of pre-foreclosure and foreclosure properties, with more than 500,000 properties across the country, comprehensive property data, productivity tools and extensive professional resources. RealtyTrac hosts close to two million unique visitors monthly and is the exclusive foreclosure data provider to AOL Real Estate, HomeGain, MSN House & Home, and Yahoo!Real Estate. For more information, visit www.realtytrac.com.