Realtytrac Partners With Frontdoor.Com For Foreclosure News And Views

September 30th, 2008

RealtyTrac is one of the leading online data collecting firms. It has partnered with FrontDoor.com for better focus on foreclosure news and views. Frontdoor.com is a website powered by HGTV dealing with real estate issues. Rick Sharga the vice president of RealtyTrac commented that partnering with Frontdoor.com was an important addition to their expanding network of “valued partners”. Those visiting FrontDoor.com will avail of vital foreclosure related information regarding properties as well as editorial write-ups on the subject.

The real estate market is in the doldrums right across USA. The hottest topic is the foreclosure market – this being the fastest growing category in the real estate sector. In 2007 over 2.2 million foreclosure filings had been noted. These included all the stages of foreclosure – default and auction notices to court auctions as well as bank repossessions. 1.2 million properties have been affected. It was a 75% increase from the foreclosure numbers of 2006. During the first three months of 2008 foreclosure postings spiked by 112%.

The enthusiasm for the partnership has been mutual. Vikki Neil of SN Digital said that they were delighted with the new partnership with “one of the strongest and most trusted real estate brands on the Web.” It is expected that this new hand shake between FrontDoor and RealtyTrac will “open the door to help promote a full view of home transactions to the FrontDoor an HGTV” viewers in this market that is full of challenges.

Currently FrontDoor has an inventory of over 3 million repo houses that are up for sale. It also provides opinion of experts, news information, tips and advice about buying and selling in a foreclosure dominated market and the site is replete with photographs of the units. Tools and calculators are also provided for quick estimates. Videos and web series have been created exclusively for FrontDoor.

RealtTrac Inc. is the third biggest real estate site of MediaMetrix and has been ranked high as one of the fastest growing companies. It leads in online foreclosure information and provides all the information for those interested in sale and purchase of foreclosed units. It is of invaluable help to realtors also. RealtyTrac made its debut in 1996. It is the most comprehensive data provider for pre-foreclosed, foreclosed and repossessed houses. Monthly its site records 3 million footfalls. Yahoo Real Estate, MSN Real Estate and Wall Street real estate journal are given information about foreclosures by RealtyTrac.