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ATTOM, a curator of nationwide land and property data, recently announced it has sold its RealtyTrac and Homefacts websites to Nations Info.
Financial terms of the transaction were not disclosed, but as part of the transaction, Nations Info has signed a multi-year agreement to become an ATTOM data licensing customer, effective July 15, 2022, ATTOM said.
Founded in 1996, RealtyTrac has been a leading resource for investors, real estate agents, and consumers looking for foreclosure properties. ATTOM said the website democratized what had historically been an "insider-only" process, making it easier for all interested parties to search for, analyze, and evaluate properties in all three stages of foreclosure.
Homefacts is a one-stop shop providing accurate and reliable property and neighborhood data, including school ratings, crime rates, and environmental and natural disaster risks.
"RealtyTrac will always have an important place in ATTOM's history — our company actually started out as RealtyTrac back in the mid-1990's — and was integral to fueling our company's growth over the years," said Rob Barber, ATTOM CEO. "But as the company shifted its focus to data licensing, and our customer base moved from individual consumers and real estate agents to large enterprises, websites like RealtyTrac and Homefacts were no longer closely aligned with our future vision for ATTOM's growth."
According to Barber, the divestiture allows ATTOM to focus 100% on continuing to accelerate the growth of its data licensing business.
"We're well on our way to meeting our 2022 objectives, and this enhanced focus should enable us to be even more successful in the years ahead," he added.