RISMEDIA, January 16, 2009-RealtyTracTM, a leading online marketplace for foreclosure properties, and Homesaledirectory.com, one of the largest home for sale listings website for buyers and sellers, announced a strategic partnership in which RealtyTrac will power a nationwide foreclosed home search on Homesaledirectory.com.
“Our new partnership with Homesaledirectory.com is a testament to the success of our ongoing relationship and the value we’ve delivered to our mutual clients, providing them with real estate services that are in great demand,” said Rick Sharga, senior vice president at RealtyTrac. “We look forward to providing Homesaledirectory.com and its valued customers with the most comprehensive foreclosure data available on the Internet.”
With real estate in a downturn in most markets nationwide, the foreclosure marketplace is one of the few growing areas in real estate. More than 750,000 homes received a foreclosure notice in the third quarter of 2008, up 71 percent from the third quarter of 2007, according to the RealtyTrac U.S. Foreclosure Market Report.