A real estate management firm that takes care of bank-owned homes and investment properties for clients has acquired the auction site RealtyBid.com, which it sees as a “proven disposition platform” for single-family residences and commercial properties including foreclosed homes.

Frisco, Texas-based Matt Martin Real Estate Management said RealtyBid.com’s management team — including founder and CEO Tony Isbell, who will stay on as president — will continue to operate the site as a wholly owned subsidiary. Terms of the deal were not disclosed.

Founded in 2001, Rainbow City, Alabama-based RealtyBid.com specializes in quick dispositions of real estate owned (REO) homes, investment properties, condominiums, ranches and land, and mixed-use real estate. The company says its proprietary technology platform has been used to sell more than 100,000 homes, making transactions “less cumbersome and more cost-effective, while achieving market sales prices for sellers.”

RealtyBid offers an “Agent Direct” program that allows agents to list properties on the site for $150. Buyers pay a percent “Internet transaction fee” or a minimum of $500 to RealtyBid.com at closing.

Matt Martin Real Estate Management provides real estate asset management services, valuation, title, property and note acquisition, due diligence services, property preservation and inspection, HOA research and curatives services from offices in Pennsylvania, Virginia, Texas and California.

“This acquisition greatly expands MMREM’s capabilities with a proven disposition platform for owners of single-family residences and commercial assets, and as an enhanced marketing option in foreclosure sales for third-party trustees and others,” said MMREM CEO Matt Martin in a statement.

Show Comments Hide 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.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
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