RealtyTrac, an online marketplace for foreclosure properties, has formed a new partnership with Bid4Homes, an online auction site specializing in distressed property from banks, government agencies and private parties. The partnership enables RealtyTrac users to research and bid on a wide selection of online real estate auctions nationwide. According to the companies, the Bid4Homes proprietary Web-based applications and patented deposit system make it easy for real estate brokers, agents, asset managers and private sellers to list homes for auction on RealtyTrac.
In addition to bank-owned properties and properties from private sellers, Bid4Homes offers forfeited properties from the U.S. Marshals Service, seized properties from the U.S. Department of the Treasury and tax-foreclosed properties from more than 50 counties nationwide.
RealtyTrac's foreclosure property listings will also now be accessible through the Bid4Homes Web site, providing users with more choices and the ability to compare properties with others up for auction on the Internet.
Sources: RealtyTrac, Bid4Homes