US foreclosure marketplace realtytrac.com has partnered with Gabriels Technology Solutions to create co-branded foreclosure search products. Gabriels Technology Solutions clients can use these search products to provide their users with access to realtytrac.com’s foreclosure listings, whether they are searching for local real estate listings or foreclosure listings nationwide.
Gabriels Technology Solutions says it supports over 300 media companies across North America and Europe, with a client list that includes The New York Times Company and Hearst Newspapers.
realtytrac.com claims to receive more than 3 million unique visitors per month and list more than 1.5 million default, auction and bank-owned listings from over 2,200 U.S. counties. According to a recent article on the website, US foreclosure activity is at a record high.
In a press release, Gabriels Technology Solutions chief operating officer Tan Chan explained the aim of the co-branded products:
“In today’s environment, foreclosures represent a significant portion of the activity in the real estate market. For Publishers, this opportunity provides multiple revenue streams without any out-of-pocket expenditure and reinforces the Publisher’s position as the real estate resource for the local market”
Rick Sharga, senior vice president of realtytrac.com, said the products “will further our mission of democratizing the foreclosure market, giving more people convenient access to view foreclosure bargains nationwide and also providing greater exposure for bank-owned properties that lenders typically want to dispose of quickly and efficiently”.
realtytrac.com also partnered with global property search website enormo.com in April this year. The website is part of an online distribution network run by North American print and online real estate publisher Network Communications, Inc.