RE/MAX Regions Add RealtyTrac Foreclosure Data to Its Real Estate Websites

RISMEDIA, April 25, 2008-Starting this week, thousands of RE/MAX websites in Northern Illinois, New Jersey, Kansas, Missouri, Oklahoma, Arkansas, Alabama, Louisiana, Mississippi and Michigan have gone live with a new consumer foreclosure property search feature. The respective RE/MAX websites for these states are: www.illinoisproperty.com, www.remax-nj.com; www.remax-midstates.com (Kansas and Missouri), www.remax-oklahoma.com, www.remax-arkansas.com, www.remax-alabama.com, www.remax-louisiana.com, www.remax-mississippi.com, www.remax-michigan.com. The same search feature is also available through individual agent websites in these Regions.

This new feature is the result of a strategic partnership between RealtyTrac a leading source of foreclosure data; Reliance Network, a developer of Web-based applications for real estate companies and four independently owned RE/MAX Regions.

According to the company, in 2007, more than 2.2 million foreclosure filings – default notices, auction sale notices and bank repossessions – were reported on more than 1.2 million properties nationwide. This represents a 75% increase in total filings from 2006. The number of foreclosures continues to increase significantly in 2008 as millions of adjustable rate mortgages with teaser rates are reset.

RealtyTrac’s foreclosure data has been added to the comprehensive property search feature on the RE/MAX websites so that consumers can access pre-foreclosure and foreclosure properties (including auctions and bank owned) in the same website as MLS listings, recently sold properties and neighborhood valuation tools — thus providing a true 360-degree view of the market.

RE/MAX has a strong commitment to facilitating the interaction between RE/MAX agents and the public. Offering state-of-the-art technology and integrating it with all of the data consumers want to see, enhances the real estate process.

“This is an exciting partnership,” said Rick Sharga, vice president of marketing at RealtyTrac. “This new search application will pull real-time data directly from our nationwide foreclosure database and provide consumers with a method to access distressed properties.”

“We are always looking to enhance our product service offering to our client’s customers,” added Mike Soroker, CEO, Reliance Network.