Fidelity National Financial Division Launches Pre-foreclosed Property Listings
|June 9, 2005|
JACKSONVILLE, Fla., /PRNewswire-FirstCall/ -- Fidelity National Financial, Inc. (NYSE: FNF - News), a provider of products, services and technology solutions to the financial and real estate industries, today announced the addition of pre-foreclosure property lists to BuyBankHomes.com, its popular Web portal previously dedicated to marketing bank-owned properties that have completed the foreclosure process.
The information provided in BuyBankHome.com's new pre-foreclosure property lists is derived from aggregated public records data, as opposed to gathering data from each individual court house. This direct access to pre-foreclosure information ensures that buyers and investors are receiving the most up-to- date details available for properties entering the foreclosure process.
As part of the new pre-foreclosure offering, visitors to BuyBankHomes.com can now perform a free search for pre-foreclosure properties using city, county or zip code search criteria. This search enables visitors to view an interactive map with plotted points representing the available foreclosure properties within their specified search area. To obtain more specific details about the foreclosure property results, visitors can subscribe for this premium service.
With the pre-foreclosure property offering subscription, buyers and investors will receive comprehensive property data, including address and other detailed information. Also, subscribers can opt to be electronically notified whenever a new foreclosure property is listed in their specified search area. Lenders can easily send data by way of established transfer protocols, including an available interface within MSP.
"We are excited about our expansion into the pre-foreclosure properties arena and pleased to now be offering information for some 80,000 properties with the launch of this new offering," said Bradlee Marick, Chief Technology Officer/SVP of BuyBankHomes.com. "The pre-foreclosure offering is a perfect complement to our popular bank-owned properties offering, which also currently boasts more than 40,000 listings."
With over 136,000 buyers, 26,000 investors and 31,000 brokers/agents registered, BuyBankHomes.com currently has more than 1 million visits per day with an average visit time of 12 minutes, which is testimony to the valuable information available on the site.
"With the release of foreclosure data on BuyBankHomes.com, we now have the ability to provide valuable information to consumers, which will drive additional third-party sales for lenders, reducing loss severity," said Chad Neel, President of Fidelity National Asset Management Solutions, parent company of BuyBankHomes.com. "In addition, it allows us to launch unique toolsets for lenders that will be invaluable to their loss mitigation and REO departments."
Source: Fidelity National Financial