RealtyTrac Joins Forces With Bid4Homes

RealtyTrac, an online marketplace for foreclosure properties, has announced a partnership with Bid4Homes, an online auction site specializing in distressed property, that enables RealtyTrac users to research and bid on a variety of online real estate auctions nationwide. RealtyTrac said the Bid4Homes proprietary Web-based applications and patented deposit system make it easy for real estate brokers, agents, real-estate-owned asset managers, and private sellers to list homes for auction on RealtyTrac. In addition to bank-owned properties and properties from private sellers, the Silver Spring, Md.-based Bid4Homes offers forfeited properties from the U.S. Marshals Service, seized properties from the Department of the Treasury, and tax-foreclosed properties from more than 50 counties nationwide. "Our users will now be able place online bids on properties being auctioned by Bid4Homes while never leaving the RealtyTrac website," said Rick Sharga, vice president of marketing at the Irvine, Calif.-based RealtyTrac. The companies can be found online at http://www.realtytrac.com and http://www.bid4homes.com.