ForeclosureRadar Launches Unprecedented Foreclosure Tracking Services

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Discovery Bay, CA, May 1, 2007 - ForeclosureRadar, a foreclosure listings and software company, today debuted the first and only service to actively track every foreclosure auction in the State of California.

Prior to the availability of ForeclosureRadar, it was simply impossible to reliably follow foreclosures beyond the initial auction date. Since California law allows foreclosures to be postponed for up to one year, this created a significant black hole in prior foreclosure listing services. ForeclosureRadar fills that hole by tracking and reporting auction activity daily. To fully leverage this exclusive data, the company offers a comprehensive set of web-based tools for finding, evaluating and tracking foreclosure opportunities.

"With $40B worth of property in some stage of the foreclosure process, and foreclosure auctions now exceeding $2B a month in sales, this is a market that desperately needs better foreclosure data and services," said Sean O'Toole, CEO and founder of ForeclosureRadar. "We provide never before available foreclosure data, along with solid foreclosure management tools, to give real estate professionals and investors exactly what they need to thrive in this challenging market."

"This service is unprecedented and much needed in our industry," said Noel Jaimes, a real estate broker in Southern California specializing in REOs. "Using ForeclosureRadar, I was able to find properties that met my client's needs in under 3 minutes. It would have taken an hour to accumulate similar data using other services."

Unique Services

  • Complete Statewide Visibility: See results of every auction, in every county, every day.

  • Accurate, Up-to-Date Data: Don't waste time sorting through stale data from other foreclosure list services.

  • Professional Search Tools: More than 30 foreclosure search criteria and your choice of map or list based views allow you to quickly focus on your target market.

  • Weeks Ahead of the Competition: Learn about bank-owned foreclosures (REO's) the day they sell, not weeks later when the Trustee's Deed is finally recorded.

  • Next-Generation Management Tools: Find, evaluate and track foreclosure deals in one convenient place.

  • Leverage Your Team: Share photos, notes, values, title research and financial analysis with team members, investors and partners.

About ForeclosureRadar
ForeclosureRadar is the brainchild of founder and real estate investor Sean O'Toole, who became frustrated with the poor quality of the current foreclosure listing services, which have changed little in the last 15 years. With ForeclosureRadar, Sean launched the next generation of services designed by and built for investors and real estate professionals.