April 03, 2009 // Franchising.com // Morris Plains, N.J.– Weichert, Realtors® recently entered in to a new agreement with RealtyTrac, the leading online marketplace for foreclosure properties that enables the national real estate company to add foreclosure data to its popular consumer Web site, Weichert.com. The deal also provides for discounted membership pricing for all Weichert sales associates.
"We are glad to be working with a leader in the foreclosure business like RealtyTrac," said Mike Montsko, president of the Weichert Lead Network. "This agreement gives us the ability to incorporate a comprehensive database of foreclosure properties with the more than 2 million listings already available for consumers to search on our site."
As a result of the agreement, Weichert sales associates can take advantage of a discounted subscription to RealtyTrac. This membership will entitle Weichert sales associates to access to RealtyTrac data, countless articles and resource guides, discounts on print and eBooks and property reports, and a host of helpful tools, services and training.
"We're excited about connecting Weichert's extensive network of real estate professionals with our foreclosure data and educational materials," said Rick Sharga, senior vice president at RealtyTrac. "This partnership is an important step in continuing our mission of opening up the once hidden foreclosure marketplace."
A top 30 real estate Web site, weichert.com had over 32 million visitors in 2008. Indicative of its value to consumers, weichert.com consistently ranks as a top site among all real estate companies for the length of time that visitors spend at the site, according to Hitwise®, which monitors the activity of major Web sites.
Weichert has nearly 18,000 sales associates in approximately 500 company-owned and franchised sales offices in key markets throughout the U.S. A family of full-service real estate and financial services companies, Weichert helps customers buy and sell both residential and commercial real estate, and streamlines the delivery of mortgages and home and title insurance.
RealtyTrac is the leading online marketplace of foreclosure properties, with more than 1.5 million default, auction and bank-owned listings from over 2,200 U.S. counties, and detailed property, loan and sales data appended to its foreclosure records. Hosting more than 3 million unique monthly visitors, RealtyTrac provides innovative technology solutions and practical education resources to facilitate buying, selling and investing in real estate.
Cited by thousands of media outlets each quarter — including all the major news networks, leading publications such as The Wall Street Journal, The New York Times, USA TODAY, and many others, RealtyTrac's foreclosure data also has been used by the Federal Reserve, FBI, U.S. Senate Joint Economic Committee and Banking Committee, U.S. Treasury Department, and numerous state housing and banking departments to help evaluate foreclosure trends and address policy issues related to foreclosures.