Friday, June 20, 2008

RealtyTrac and Bid4Homes Team Up to Provide Extensive Online Auction Marketplace


IRVINE, CA – RealtyTrac® (http://www.realtytrac.com/), the leading online marketplace for foreclosure properties, has announced a new partnership with Bid4Homes (http://www.bid4homes.com/), an online auction site specializing in distressed property from banks, government agencies and private parties.

(House at left on auction in Youngstown, OH)

The partnership enables RealtyTrac users to research and bid on a wide selection of online real estate auctions nationwide. The Bid4Homes proprietary Web-based applications and patented deposit system make it easy for real estate brokers, agents, REO asset managers and private sellers to list homes for auction on RealtyTrac.

In addition to bank-owned properties and properties from private sellers, Bid4Homes offers forfeited properties from the U.S. Marshals Service, seized properties from the U.S. Department of the Treasury and tax-foreclosed properties from more than 50 counties nationwide. (House on right on auction in Dallas, TX)

RealtyTrac’s foreclosure property listings will also now be accessible through the Bid4Homes website, providing users with more choices and the ability to compare properties with others up for auction on the Internet.

“We’re excited to team up with Bid4Homes and its sister site Bid4Assets, which have experienced enormous success in the online real estate auction space, with more than 50,000 property sales in 50 states,” said Rick Sharga,(top right photo) vice president of marketing at RealtyTrac.

(House on left on auction in Atlanta, GA)

“This partnership affords our users more choices of properties and another convenient way to buy real estate. Our users will now be able place online bids on properties being auctioned by Bid4Homes while never leaving the RealtyTrac website.

"And these online auction properties will be paired with the extensive research tools available on RealtyTrac — including comparable sales, loan and sales history, extensive neighborhood information, and nearby MLS listings for comparison — helping users to evaluate a property before they begin bidding.”

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.



Bid4Homes (http://www.bid4homes.com/) is the real estate-only Web site from Bid4Assets, Inc., the nation’s online auction expert in selling distressed assets since 1999 for government agencies, financial institutions, private sellers, bankruptcy attorneys, trustees, for sale by owners, real estate agents, brokerage firms and non-profits. Bid4Assets has had a legally binding real estate auction platform since 1999.

CONTACT:

Tammy Chan, Atomic PR, 415-402-0230, tammy@atomicpr.com

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