MDA DataQuick, a division of MDA Lending Solutions, has updated its flagship property and ownership research tool, PropertyFinder 2G.
PropertyFinder 2G gives real estate professionals and title companies access to a nationwide database of property and ownership information, which includes property profiles, sales comparables, demographic information and property history. To support the increase in distressed properties on the market, PropertyFinder 2G now offers expanded property-history details on distressed-sales transactions. Users can more accurately track activities, such as notice of default, notice of trustee sale, or short sale, as well as the transaction that led to the activity, MDA DataQuick explains.
"Whether the property is REO or in default, real estate professionals and title companies need a clear understanding of the property history,’ says John Walsh, president of MDA DataQuick.
PropertyFinder 2G's expanded history also adds loan assignment transactions and flags suspicious property transactions, such as unusually large changes in price or properties with multiple sales in less than 30 days.
SOURCE: MDA Lending Solutions