Distressed-property data company RealtyTrac has launched an online "social community" for its users to engage in forum discussions and post profiles.
The RealtyTrac Community site, which is free to join, is organized into several categories: buying foreclosures, selling foreclosures, mortgages, foreclosure trends, home values and foreclosure training.
James J. Saccacio, chief executive officer of RealtyTrac, said in a statement, "Social networking is something that appeals to a growing number of real estate consumers, and as market conditions continue to change we will continue to offer our customers new … products and features.”
Community site users can choose to receive e-mail alerts when specific locations or issues are discussed in the online forums.
RealtyTrac, which offers data on about 1.5 million properties in a foreclosure process, regularly reports on foreclosure-filing trends. The site typically draws 3 million unique visitors per month.
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