Industry NewsNews Brief

U.S. foreclosures go international

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

RealtyTrac, an online real estate site focusing on foreclosure and pre-foreclosure properties, this week announced a deal to put foreclosure-related property information on Enormo, a global real estate search portal. RealtyTrac provides information on about 1.5 million properties that are in default, scheduled for auction, or have already foreclosed and are now owned and listed for sale by banks -- the site hosts about 3 million unique monthly visitors. Enormo, formerly known as Properazzi, has about 4 million visitors per month from about 200 countries, and maintains a network of about 75 domain names that collectively serve as local gateways to information on about 8.9 million property listings. The deal will allow Enormo users to view some information on about 1 million foreclosure-related properties from 2,200 U.S. counties, and will translate marketing messages from RealtyTrac into about 31 languages -- RealtyTrac offers more detailed foreclosure-related information to...