RISMEDIA, May 5, 2008-RE/MAX real estate websites across the country have added a foreclosed home search to their websites. It can be found on the following RE/MAX real estate sites: Northern Illinois, New Jersey, Kansas, Missouri, Oklahoma, Arkansas, Alabama, Louisiana, Mississippi and Michigan.
The respective RE/MAX websites for these states are:
– Northern Illionois RE/MAX
– New Jersey RE/MAX remax-nj.com
– Kansas and Missouri RE/MAX remax-midstates.com
– Oklahoma RE/MAX remax-oklahoma.com
– Arkansas RE/MAX remax-arkansas.com
– Alabama RE/MAX remax-alabama.com
– Louisiana RE/MAX remax-louisiana.com
– Mississippi RE/MAX remax-mississippi.com
– Michigan REMAX remax-michigan.com.
The same search feature is also available through individual agent websites in these Regions.
According to the company, this new feature is the result of a strategic partnership between RealtyTrac (realtytrac.com), the national leading source of foreclosure data; Reliance Network, a leading developer of Web-based applications for real estate companies and four independently owned RE/MAX Regions.
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.
According to the company, 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.
For more information, visit www.realtytrac.com.