HOPE NOW: Industry modified 134,000 mortgages in March

HOPE NOW: Industry modified 134,000 mortgages in March

April 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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