REO Traders launches new foreclosure site

REO Traders, a Web site dedicated to offering a free service that helps first-time homebuyers, realtors and investors find properties to buy and sell across the United States, has been launched. The foreclosure market rose dramatically in 2009 with 2.8 million foreclosure filings, and according to RealtyTrac, the foreclosure rate has increased another seven percent just in the first quarter of 2010. "We wanted to satisfy the need for a community that makes buying and selling properties across the country easier ... this allows great opportunities to reach a wider audience," said B. Michael White, REO Traders partner. REO Traders offers investors and homebuyers good deals, as well as provides a place for real estate agents, brokers, for sale by owners (FSBOs), and banks to sell existing properties. Becoming an REO Traders member is quick, easy and free. Investors and homebuyers can sign up to find great deals on properties across the country. Real estate agents, brokers and FSBOs can create an account to post their inventory. Users who are looking for great properties can take advantage of a variety of useful tools such a Mortgage Calculator, Neighborhood Profiles, and School Profiles. Members can save search results and also get e-mail updates on new properties that match their search criteria. For more information, visit www.reotraders.com.