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Foreclosure.com Partners With SmartZip, Inc. To Bring Independent Investment Analysis to Distressed Real Estate Listings

Posted on: Thursday, 6 August 2009, 12:36 CDT

BOCA RATON, Fla., Aug. 6 /PRNewswire/ -- Foreclosure.com today announced a partnership with SmartZip, Inc. to provide homebuyers and investors with independent investment analysis for nearly two million distressed real estate listings nationwide.

Under the agreement, SmartZip.com users can rate and analyze foreclosure properties for their investment potential, and then seamlessly go to co-branded pages on Foreclosure.com to view detailed property information.

Likewise, while searching the nation's most comprehensive database of distressed properties on Foreclosure.com, buyers/investors will be able to instantly see the SmartZip Score(TM) investment rating on every property, then link directly to SmartZip.com for more details on the rating and to analyze the property for its cash flow and return on investment potential.

"Potential homebuyers and real estate investors can now use Foreclosure.com and SmartZip.com to search, analyze and purchase homes that are not just great deals but also sound investments," said Foreclosure.com Founder, President and CEO, Brad Geisen. "We share a common audience and jointly, we now provide invaluable resources that smart homebuyers can use daily to make better informed real estate purchase decisions. It's a natural fit for both companies."

SmartZip delivers investment ratings and analysis for residential real estate, making it easier for buyers and investors to find the best properties in the best markets at the best prices.

"This partnership will add much-needed transparency to the industry," noted Tom Glassanos, president and CEO of SmartZip. "Foreclosure.com's comprehensive inventory combined with SmartZip's objective analysis will enable investors to buy with confidence and peace of mind."

In addition to the SmartZip Score(TM) on every property, SmartZip.com also provides exclusive heat maps, market comparison, investor-tailored search and financial analysis tools that empower buyers to make financially sound purchase decisions. The beta site currently supports California and Florida -- two of the most opportunity-rich states in the United States. Nationwide coverage on SmartZip.com is coming soon.

About Foreclosure.com

With more than 1.8 million foreclosure, preforeclosure, bankruptcy, FSBO, tax lien and Sheriff sale listings in one place, Foreclosure.com delivers America's largest and most accurate searchable database of foreclosed homes and investment property information to its customers and business partners. Based in Boca Raton, Fla., Foreclosure.com works with hundreds of top lending institutions and government agencies to list diverse property types on its Web site, including Real Estate Owned (REO); Department of Housing and Urban Development (HUD); Department of Veterans Affairs (VA); Fannie Mae; and other government agency and financial institution properties; as well as listings from an extensive network of corporate sellers. Foreclosure.com offers much more than just real estate listings, connecting sellers, buyers and agents in one convenient location as a one-stop real estate marketplace.

On the Web:

www.Foreclosure.com

About SmartZip, Inc.

SmartZip is the leading provider of independent ratings and analysis for real estate investment. SmartZip is used by investors and home buyers looking to easily rate, compare and confirm the best places and properties to buy. SmartZip Score(TM) is the first and only quantitative rating offering a risk-adjusted assessment of the investment potential of residential properties. SmartZip Score(TM) applies proven stock and bond rating analytics to the most comprehensive base of real estate investment attributes ever assembled. SmartZip is a privately held, venture backed corporation headquartered in Pleasanton, California.

SOURCE Foreclosure.com

Source: PR Newswire

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