RISMEDIA, August 20, 2010—RES.NET, a leading asset management software company, announced a data integration agreement with Bid4Assets.com, one of the leading online real estate auction companies nationwide. The agreement allows RES.NET’s clients to directly feed real estate property listings to the Bid4Assets.com auction site for additional exposure in liquidating their properties.
“Many clients who use RES.NET to manage their real estate inventory have been searching for a scalable solution to list their inventory on our auction platform. We’re excited to offer our auction solution to satisfy our mutual clients’ needs. Bid4Assets will make it easy for RES.NET’s customers to list their properties on our auction site through the tight integration of RES.NET to our database of over 500,000+ buyers. For busy asset managers, this is a tremendous value,” said Jesse Loomis, vice president of business development at Bid4Assets.com.
“With a diverse and growing list of clients who use RES.NET to manage foreclosed inventory, we’re excited by the opportunity to partner with Bid4Assets. RES.NET stores information for over 100,000 properties, and now this property data can be directly transmitted to a leading disposition platform. This partnership provides banks, asset managers, hedge funds and other sellers with a full service solution in liquating their real estate inventory,” said Todd Mobraten, COO at USRES.
With real estate inventory soaring, unemployment nearing 10%, and lenders tightening their restrictions, real estate sellers are looking for new ways to sell property effectively and quickly. Sites like RES.NET and Bid4Assets.com harness the scalable and cost-effective power of the Internet to manage and sell a virtually unlimited number of properties. “The Internet’s reach is incredibly vast,” says Loomis, “When a Fortune 1000 bank asked Bid4Assets to help sell acreage in a rural South Carolina town, we promoted the property and attracted bidders from Florida, Maryland, and Algeria. The land sold for $15,000 above the asking price. We hope to achieve the same level of results for RES.NET customers.”
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