SAM Partners With RealtyTrac To Market REO Properties

Specialized Asset Management, a national provider of asset marketing and disposition services, is partnering with RealtyTrac to market its foreclosed property listings. The move will help SAM display its assets to RealtyTrac's customers. "Marketing our REO assets to RealtyTrac's visitors provides us with additional marketing visibility to help liquidate our REO assets," said Rudy Krupka, vice president of REO at Specialized Asset Management. "Our strategic partnership with RealtyTrac will assist our agents in promoting the properties to interested buyers across the country." RealtyTrac says the number of foreclosures is expected to increase significantly in 2010 as millions of payment option ARMs and alt-A mortgages reset in the next 12 to 18 months and double-digit unemployment plagues the national economy this year.