RealtyTrac(R) Launches New Renter Foreclosure Alerts

Monitoring Service Helps Tenants Avoid Unexpected Eviction if Landlord Falls into Foreclosure

IRVINE, Calif., April 1 /PRNewswire/ — RealtyTrac(R) (www.realtytrac.com), the leading online marketplace for foreclosure properties, announced today a new service called RealtyTrac Renter Alerts(TM) that gives tenants advanced notice when the property they are renting enters into default or is about to be foreclosed by a lender.

“Unexpected evictions are becoming an all-too-familiar scenario for good tenants who pay their rent on time,” said Rick Sharga, senior vice president of RealtyTrac. “Some landlords aren’t paying their mortgages — even while their tenants are paying their rent faithfully — causing the tenants to be evicted without warning. Our new Renter Alerts give tenants a good early warning system and avoid this unpleasant and unfair scenario.”

Over 2.3 million U.S. households received a foreclosure notice in 2008 – an 81 percent increase over the previous year – and foreclosure activity is expected to rise again in 2009. With over 30 percent of these homes not owned by the occupant, hundreds of thousands of renters are at risk of being evicted, even though many have never missed a rent payment.

RealtyTrac’s Renter Alerts, which provide access to the nearly 1.8 million foreclosure and bank-owned properties in the RealtyTrac database, have been designed to help renters research properties they’re thinking about renting and to monitor properties they’re already renting. The new foreclosure monitoring service sends e-mail alerts to subscribers warning them immediately of any foreclosure activity on a specific property. The service is being offered at a special introductory rate of only $24.95 a year.

For more information visit www.renters.realtytrac.com

About RealtyTrac Inc.

RealtyTrac (www.realtytrac.com) 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.

SOURCE RealtyTrac Inc.