RealtyTrac and Reliance Network Forge Partnership Agreement for Web-Based IDX and...

RealtyTrac and Reliance Network Forge Partnership Agreement for Web-Based IDX
and Lead Capture Solutions
Real-Time Foreclosure Data From RealtyTrac Fed Seamlessly to Reliance Network
Clients

IRVINE, Calif., April 10 /PRNewswire/ -- RealtyTrac(TM)
(http://www.realtytrac.com), the leading online marketplace for foreclosure
properties, and Reliance Network LLC (http://www.reliancenetwork.com), a
leading developer of Web-based applications for real estate companies and
agents, today announced a new agreement and strategic partnership that will
allow Reliance Network's clients to have real-time access to RealtyTrac's
nationwide foreclosure database of default, auction and bank-owned properties.
Several Reliance Network clients will start receiving the data
immediately.
"This is an exciting partnership between Reliance Network and RealtyTrac,"
said Rick Sharga, vice president of marketing at RealtyTrac. "This new search
application will pull real-time data directly from RealtyTrac's nationwide
foreclosure database, providing users of Reliance Network-powered websites
with a method to access distressed properties, including properties in
pre-foreclosure, auction or bank-owned properties. That in turn will help
drive more traffic and leads to the agent websites."
With real estate in a downturn in most markets nationwide, the foreclosure
marketplace is one of the few growing areas in real estate. During 2007, there
were more than 2.2 million foreclosure filings -- default notices, auction
sale notices and bank repossessions -- reported on more than 1.2 million
properties nationwide, a 75 percent increase in total filings from 2006.
"We are delighted to complete the integration of RealtyTrac's database
into the Reliance Network website system," said Mike Soroker, Reliance
Network's CEO. "We are always looking to enhance our product service offering
to our client's customers, and the addition of RealtyTrac and its leadership
position certainly meets with this goal. Both Reliance Network and RealtyTrac
are well positioned to take advantage of the ever changing real estate
market."
Mike Bujnowski, Reliance Network COO, added: "We are fortunate to partner
with RealtyTrac because they share our common demonstrated belief in providing
high-quality, technically sound product resources to consumers. As our
partnership expands and develops, we expect to deliver even more product
services our users will value."
About Reliance Network
Headquartered in Holland, Pennsylvania, and its Operation Center in
Bellevue, Washington, Reliance Network, LLC is leading provider of web-based
applications for real estate professionals throughout the U.S. Internet
applications include company Intranets and client portal Extranets, along with
full marketing-oriented completely customizable Agent websites with integrated
property search. Their property search work encompasses complete IDX and VOW
integrated solutions that allow Agents and Brokers to generate and manage
leads online from all listings in their respective area of specialty. Its
highly effective and continually advancing Lead Generation suite of
applications maximizes the overall reach of user's web system, while
delivering relative and targeted traffic efficiently. For more information
about Reliance Network services and products, please visit
http://www.reliancenetwork.com.
About RealtyTrac Inc.
Ranked as the third largest real estate site by MediaMetrix and No. 53 on
Inc. magazine's 2006 Inc. 500 list of the nation's fastest-growing private
companies, RealtyTrac Inc. (http://www.realtytrac.com), is the leading online
marketplace for foreclosure properties, providing all the resources that home
seekers, investors and real estate agents need to locate, evaluate and buy
properties below market value.
Founded in 1996, RealtyTrac publishes the largest and most comprehensive
national database of pre-foreclosure, foreclosure, For Sale By Owner, resale
and new construction properties, with more than 1 million properties across
the country, property reports, productivity tools and extensive professional
resources. RealtyTrac hosts nearly 3 million unique visitors monthly and has
been chosen to supply foreclosure data to MSN Real Estate, Yahoo! Real Estate
and The Wall Street Journal's Real Estate Journal. For more information, visit
http://www.realtytrac.com.
SOURCE RealtyTrac Inc.

Michelle Sabolich of Atomic Public Relations, +1-415-402-0230,
michelle.sabolich@atomicpr.com