RealtyTrac Releases New Foreclosure and REO Data Mining Tool

RealtyTrac has unveiled its new bulk foreclosure data search and download tool now known as MEGA Data. This new product gives users the ability to quickly sift through RealtyTrac’s database of more than two million foreclosure properties to create targeted lists of distressed homeowners, scheduled auctions and real estate-owned (REO) properties. MEGA Data allows real estate brokers, agents, buyers, investors and direct marketing professionals to fine tune a data search matching their specific criteria. Search filters include the following: ►Property type (single-family, multi-family, commercial, etc.) ►Loan amount and loan position ►Lender and trustee name ►Estimated market value and equity ►For sale status Users can view the updated data counts along with the cost of those records as the list is being built in real-time. The data is organized geographically so that users can decide how much of the data they want to buy and then purchase either a full or partial list that fits their budget. Once the customized list is created, downloading it is quick, with the data available immediately. “MEGA Data is one of the most revolutionary new products we’ve created in years, making our nationwide foreclosure data available in an entirely new interface that features a very easy-to-use list generation and export tool,” said RealtyTrac Chief Executive Officer James J. Saccacio. “Real estate and direct marketing professionals, along with many real estate investors and homebuyers, will appreciate the seamless online user experience MEGA Data provides, helping them quickly mine our foreclosure data for potential short sales, profitable foreclosure auction purchases, and bank-owned opportunities, among other applications.”