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Ellie Mae releases Encompass Version 3.5 of its Standard and Professional Editions

National Mortgage Professional
Jun 23, 2008

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 nationwide. 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 reach." For more information, visit www.realtytrac.com or www.bid4homes.com.
Published
Jun 23, 2008
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