Industry NewsNews Brief

RealtyTrac rolls out net equity tool

New features could help agents, buyers identify red flags
Published on Apr 6, 2011

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Foreclosure data site RealtyTrac has launched a tool that estimates the negative equity of a home in the foreclosure process, the site announced Tuesday.

The site's new feature estimates a home's equity by comparing the amounts of outstanding loans on the home and the home's estimated market value. Users can also search for homes with equity in a certain range -- positive equity of $10,000 to $50,000, for example. Search options also allow users to choose a date range for homes that are coming up for auction.

A "loans and history" tab on a property's details page shows the numbers behind the net equity calculation, a home's loan-to-value ratio, a list of outstanding loans on the property and the position of those loans.

While equity and loan-to-va

Comments