US foreclosure market realtytrac.com has entered into two new partnerships to expand its listings and promote through social media. To begin with, the website has teamed up with Keystone Asset Management Inc., a national provider of REO, default management and property valuation services.
The partnership will see Keystone's foreclosed property listings added to realtytrac.com, where they will be exposed to a reported 3 million unique visitors a month.
“This partnership will offer great value to our users, giving them the ability to pinpoint REO properties that lenders are actively marketing for sale and to conveniently pursue and purchase those properties,” said Rick Sharga, senior vice president for realtytrac.com.
According to realtytrac.com, a record 2.8 million homes received a foreclosure filing in 2009, which represents a 21 percent increase in total filings from 2008. The website says the number of foreclosures is expected to increase significantly in 2010 as millions of option ARMS and ALT-A mortgages reset in the next 12 to 18 months and double-digit unemployment continues.
After launching its own community forum in December, realtytrac.com has also announced another partnership with realtyjoin.com - an online social network that aims to help real estate investors, service providers, and other professionals find relevant opportunities and connect with the people they need.
realtytrac.com is now promoted on the realtyjoin.com front page, offering a 60 percent discount to those who sign up via the link.
"realtyjoin.com brings key components of social networking to play for real estate investors, home buyers and sellers and real estate professionals," says Sharga. "We believe that our current members will benefit from these interactions, and that by participating in realtyjoin.com we will expose the benefits of realtytrac.com's products and services to a broad audience of prospective new members as well."
realtyjoin.com was formally launched early this year, and already has over 1,000 members across the US and Canada.
The website says it has access to 1.5 million foreclosure listings as well as foreclosure data from more than 2,200 counties covering more than 90 percent of US households.