RealtyTrac Foreclosure Portal
RealtyTrac is an online portal that highlights foreclosure properties, default, auction and bank-owned listings with detailed property, loan and home sales data. Agents and brokers can use this online portal to search for local foreclosure properties.
RealtyTrac provides estimated property values, comparable sales, loan history, tax lien and bankruptcy records, trustee and lender information and property details and they claim to update the entire database twice daily.
The suite of data evaluation and productivity tools includes:
Property valuations — algorithms that provide estimated property values and value ranges
Foreclosure sales data — the company tracks sales of properties in all three stages of foreclosures and includes the sales date and sales price
Comparable property sales — up to 15 sales records of adjacent properties, along with a map of the property locations to help customers determine a fair market value
Loan information — history of loans on properties
Interactive mapping — allows users to locate types of properties within a mapping interface
MLS association — shows properties currently listed in the area surrounding a property of interest
Lien and bankruptcy data — allows potential buyers to find out if the purchase process could be complicated by hidden financial or legal issues
Photographs — Microsoft's Virtual Earth™ mapping technology provides aerial photos of many of the other properties
FREE daily e-mail notifications — notifies members the moment a property that fits their specifications enters the RealtyTrac database
Postcard service — allows members to send notifications directly to the homeowners in default
Data download — allows members to evaluate, sort and track properties en masse and to create mail merge lists for large-scale mailings
To help users learn about the foreclosure market and successfully purchase properties, RealtyTrac also provides a number of industry-leading resources:
A national network of over 8,000 real estate professionals to assist users
A national network of mortgage providers
Capsule reviews of foreclosure laws in all 50 states
Educational materials from leading foreclosure investment authors
A monthly newsletter with tips on using the site and industry news called U.S. Foreclosure Market Report