RealtyTrac Software Pinpoints Distressed Properties

RealtyTrac has introduced a new service to buyers interested in foreclosed or distressed properties called Mega Data, which creates detailed lists of such properties in specific geographic areas …

RealtyTrac has introduced a new service to buyers interested in foreclosed or distressed properties called Mega Data, which creates detailed lists of such properties in specific geographic areas based on criteria provided by the buyer. Mega Data offers access to more than 2 million homes that are bank-owned, in default or set to go to auction, and users can purchase lists that are tailored to their market area. It’s free to sign up, and users only pay once they have decided on the specific parameters of their list and can see how many homes are on it. For more on this continue reading the following article from National Real Estate Investor.

Investors seeking to acquire commercial or residential real estate from distressed owners or out of foreclosure can now enter search parameters and download extensive lists of properties fitting their criteria using Mega Data, a new pay-as-you-go feature offered by RealtyTrac.

Based in Irvine, Calif., RealtyTrac operates an online marketplace of foreclosed properties at www.realtytrac.com. Users can gain access to more than 2 million default, auction and bank-owned listings from more than 2,200 U.S. counties, along with detailed property, loan and sales data.

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With Mega Data, users can quickly sift through RealtyTrac’s database to create targeted lists of distressed property owners, scheduled auctions and bank-owned properties. Searches can be filtered by property type, loan amount, loan position, lender and trustee name, estimated market value, equity, and for-sale status.

It is free to set up an account at http://mega.realtytrac.com and begin searching. Users see the updated data counts — along with the cost of those records — as the list is being built. Data is organized geographically so that users can decide how much of the data they want to buy, and then purchase either a full or partial list that fits their budget.

Once the customized list is created, downloading is quick and the data becomes available immediately.

“Real estate and direct-marketing professionals, along with many real estate investors and homebuyers, will appreciate the seamless online user experience Mega Data provides, helping them quickly mine our foreclosure data for potential short sales, profitable foreclosure auction purchases, and bank-owned opportunities, among other applications,” says RealtyTrac CEO James Saccacio.

This article was republished with permission from National Real Estate Investor.

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