Roost.com gets $8M, adds foreclosures

Roost.com, a real estate search company built through data-exchange agreements among real estate brokers, today announced that it has secured $8 million as an investment from Shasta Ventures.

That brings the company's investment total to $13.5 million -- the original $5.5 million in contributions was put up by investment groups General Catalyst Partners, The Cross Country Group LLC and Geolo Capital.

Also, Roost.com has announced the addition of summary information for 1.5 million foreclosure-related properties from partner First American CoreLogic.

That adds to the site's inventory of property listings drawn from multiple listing services, as well as for-sale-by-owner listings and new-construction listings. The expansion means that the site will carry information on a total of about 3 million properties.

Users can view basic details on foreclosure properties including the street, house size, number of bedrooms and foreclosure status -- which ranges from just-announced foreclosure proceedings to foreclosure auctions, bank sales and bank-owned (REO) for-sale listings.

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