Founded in 1996, California-based RealtyTrac.com gives prospective homeowners the capability to compare foreclosure properties around the country. With statistics from more than 2,200 counties, RealtyTrac.com provides information on an estimated 1.5 million properties whose owners have defaulted on their payments.
Search for properties
Prospective homebuyers and real estate investors can search for properties based on a range of characteristics, including location, budget, number of bedrooms and total square footage. To gain access to more information, homebuyers can sign up for paid memberships, which include access to estimated market value, outstanding loan balances on pre-foreclosures, tax assessments and more. An estimated 10 percent of the listings on RealtyTrac.com include photographs, too.
Compare real estate costs and trends
Prospective homebuyers can gain a clear picture of what others are paying for real estate in the area with RealtyTrac.com’s trend data. These data display average sales price and average foreclosure sales price. The website also provides a nationwide picture of key trends: where home values are increasing, where home prices are falling and where more homeowners are defaulting on their mortgages.
While the cost of buying a new property is a key factor in the decision-making process, RealtyTrac.com also offers information for the future. RealtyTrac.com uses a 100-point Home Score to estimate whether the home will increase or decrease in value over the next 10 years. The Home Score is based on three factors.
- The risks associated with living in the neighborhood.
- The desirability of the neighborhood.
- The quality of schools in the area.
Learn more about the foreclosure buying process
In addition to helping users compare property values, RealtyTrac.com includes helpful, educational information for prospective homebuyers. From explaining the basics of buying pre-foreclosures, auctions and bank-owned properties, to offering state-by-state regulations for the foreclosure process, the website offers resources and tools for anyone interested in real estate.
The RealtyTrac.com headquarters is located here:
Renwood RealtyTrac LLC
One Venture Plaza, Suite 300
Irvine, CA 92618
Homebuyers and property investors can contact the RealtyTrac.com customer service department at (800) 550-4802 or via email at firstname.lastname@example.org.