HOPE NOW: Industry modified 134,000 mortgages in March – NMP Skip to main content

HOPE NOW: Industry modified 134,000 mortgages in March

National Mortgage Professional
Apr 29, 2009

RealtyTrac opens U.S. foreclosure data to international buyers with Enormo partnershipMortgagePress.comRealtyTrac, foreclosure, statistics, Enormo, homebuyers, investors RealtyTrac, an online marketplace for foreclosure properties, and Enormo, a global real estate portal, have announced a strategic alliance that will give Enormo's international user base of potential homebuyers and investors unique access to RealtyTrac's database of U.S. foreclosures. RealtyTrac's foreclosure listings are seamlessly integrated into Enormo's search functionality, allowing users to browse more than one million foreclosure properties from 2,200 U.S. counties. As RealtyTrac's first-ever international partnership, the alliance will enable the company to accept international subscriptions to its service thanks to Enormo's translation of RealtyTrac's marketing messages into its 31 interface languages. "Foreclosure inventories around the United States are at historically high levels, and interest in purchasing those properties has been growing steadily from buyers and investors outside of the U.S.," said RealtyTrac Senior Vice President Rick Sharga. "This alliance with Enormo provides global exposure for RealtyTrac's foreclosure data, and gives Enormo a comprehensive list of U.S. foreclosure properties to add to its vast menu of property listings." The foreclosure property search feature on Enormo allows buyers to view properties in all three stages of the foreclosure process--pre-foreclosure, auction and bank-owned (known as REOs). At the same time it allows real estate professionals who work with Enormo a chance to offer a greater selection of properties for would-be home buyers and investors as they navigate this complex area of real estate. In today's tougher economic climate, establishing a foothold in the distressed property market is extremely important to real estate professionals who want to survive and prosper in a more difficult selling environment. "The timing is perfect for Enormo to partner with RealtyTrac--the strength of other currencies against the dollar combined with the great value of U.S. housing stock is driving interest from new investors who want a piece of the foreclosure action," said Enormo CEO Yannick Laclau. "With the addition of these one million listings from RealtyTrac, Enormo gives its users unique access to great value properties, and cements its position as the number one website for international real estate." For more information, visit www.realtytrac.com or www.enormo.com.
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