Real estate agents and brokers who use Reliance Network LLC to power their Web sites will be able to provide visitors with access to data on foreclosure properties from data aggregator RealtyTrac Inc.

The partnership between Holland, Penn.-based Reliance Network and RealtyTrac of Irvine, Calif., will allow Reliance Network’s clients to embed a search tool on their site, enabling visitors to look for properties that are in pre-foreclosure, are slated for auction, or have been repossessed by banks.

Real estate agents and brokers who use Reliance Network LLC to power their Web sites will be able to provide visitors with access to data on foreclosure properties from data aggregator RealtyTrac Inc.

The partnership between Holland, Penn.-based Reliance Network and RealtyTrac of Irvine, Calif., will allow Reliance Network’s clients to embed a search tool on their site, enabling visitors to look for properties that are in pre-foreclosure, are slated for auction, or have been repossessed by banks.

That, in turn "will help drive more traffic and leads to the agent Web sites,” said Rick Sharga, vice president of marketing at RealtyTrac, in a statement.

According to RealtyTrac, there were more than 2.2 million foreclosure filings on 1.2 million properties during 2007, a 75 percent increase from 2006.

Reliance Network provides complete Web sites on a wholesale basis to brokers for their company and agents, and does not provide its services directly to agents. The company offers market exclusivity to clients.

ForeclosureRadar, which collects data on distressed properties in California, this week made available a search tool widget that allows real estate brokers and agents to provide information on foreclosed and bank-owned properties through their Web sites. The company said it expects to roll out its Foreclosure Listing Exchange (FLX) platform in other markets by the end of the year (see Inman News story).

***

What’s your opinion? Leave your comments below or send a letter to the editor. To contact the writer, click the byline at the top of the story.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
EXTENDED: We're giving you one extra day to scoop your ICNY ticket. Prices go up at midnight. Don't wait.Register now×
Limited time: Get 30 days of Inman Select for $5.SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription