Opening up to foreclosures

Yahoo Real Estate has rolled out an upgraded Foreclosure Center that incorporates tools and analytics by foreclosure data provider RealtyTrac.

"The new Yahoo Real Estate Foreclosure Center launches in the midst of a slowing real estate market in which foreclosures are increasing," RealtyTrac announced this week. "In this environment, potential buyers can realize substantial discounts on homes that are in foreclosure while also helping out homeowners in default and cutting costs for foreclosing lenders."

Michael Yang, general manager for Yahoo Real Estate, said in a statement, "Foreclosures offer a tremendous savings opportunity, yet for the average home buyer remains an area where access to information is limited. Our enhanced Foreclosure Center can help educate and prepare consumers to consider foreclosures as a purchasing option."

The refurbished Foreclosure Center allows users to search for foreclosure properties, analyze foreclosure market trends and learn about the process of buying foreclosure properties.

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