Asset Manager To Market REOs On RealtyTrac

Posted by Orb Staff on March 04, 2010 No Comments
Categories : Mortgage Servicing

Specialized Asset Management LLC (SAM), a national provider of asset marketing and disposition services, and RealtyTrac have formed a partnership whereby SAM will display properties on the RealtyTrac Web site.

‘Marketing our [real estate owned (REO)] assets to RealtyTrac's 3 million unique monthly visitors provides us with additional marketing visibility to help liquidate our REO assets,’ says Rudy Krupka, vice president of REO at SAM. ‘Our strategic partnership with RealtyTrac will assist our agents in promoting the properties to interested buyers across the country.’

Home buyers and investors using RealtyTrac can make online offers or inquiries on the SAM-provided REO properties. Users can click on the "Bank Owned" tab on any RealtyTrac search results page and look for properties with the "Request Info" button.

"Many of our users are specifically interested in purchasing bank-owned properties, and we want to give those users every opportunity to find and purchase those properties," adds Rick Sharga, senior vice president for RealtyTrac. "This exciting new partnership with Specialized Asset Management does just that by delivering a new pool of REO properties that our users can more easily purchase."

SOURCE: RealtyTrac

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