RealtyTrac and Bid4Homes unite to form online marketplaceMortgagePress.comRealtyTrac, Bid4Homes, online auctions, U.S. Department of the Treasury, seized properties
RealtyTrac, an online marketplace for foreclosure properties,
has announced a new partnership with Bid4Homes, an online auction
site specializing in distressed property from banks, government
agencies and private parties. 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
RealtyTrac's foreclosure property listings will also now be
accessible through the Bid4Homes Web site, 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, vice president of marketing at
RealtyTrac. "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 Web site."
Combined, Bid4Homes and RealtyTrac have more than three million
subscribers who are interested in buying real estate," said Lisa
Lauroesch, vice president of business development and REO sales at
Bid4Homes. "That's tremendous value for REO asset managers. It only
makes sense to capitalize on the efficiencies of the Internet,
particularly in a slow market. Online auctions have unlimited
For more information, visit www.realtytrac.com or www.bid4homes.com.