RealtyTrac was founded in 1996. The company is the fastest rising real estate market on the Internet. It was named as fifty third fastest rising Inc. 500 private organization in 2006 and the fifty second fastest rising North American technical firm in 2006 Deloitte Technology Fast 500. The mission of the RealtyTrac is to make it simple for investors, real estate professionals and consumers to evaluate, locate, sell and buy properties. RealtyTrac is only main real estate web site to feature auction, foreclosure, bank owned, resale, for sale by owner, and new building properties.

The company is also the leading online market for foreclosure assets and publishes the most comprehensive and country’s largest foreclosure database, with more than eight lacks default; bank owned and auction homes throughout the country. RealtyTrac collects and combines foreclosure data from approximately twenty five hundred counties, covering over 94% of United States households, appends the information with estimated property prices, loan history, comparable sales, bankruptcy and tax lien records, lender and trustee information and assets details and updates the whole database two times in a day.

The company has been selected to supply foreclosure services and data to Yahoo! Real Estate, MSN Real Estate, Homes.com, Earthling, HomeGain.com, Cox.com, Real Estate Journal of The Wall Street Journal, Primedia, Living Choices, and several other specific real estate and local news web sites.

RealtyTrac also publishes a monthly Unites States Foreclosure Marketplace Report that is the most widely quoted foreclosure trend report of the country having been characterized in stories on ABC World News, The CBS Evening, NBC Nightly News, Time, Money, CNN, Fox News, MSNBC, CNBC, Los Angeles Times, RealtyTrac Wall Street Times, San Francisco Chronicle, The Denver Post, Chicago Tribune, and many other national, local, regional print, broadcast and online new portals. RealtyTrac also publishes an annual and quarterly recap of foreclosure, and a half yearly report that lists the major hundred metropolitan areas by their foreclosure rates.

Uncovering Hidden Information for the Mass Market: - Historically, approximately one percent of all first and second mortgages have gone in the foreclosure. It represents several thousands of assets and millions of dollars per year. Conventionally the information about foreclosure assets has been available by only two ways: -

1. Expensive special data sources
2. The time consuming or hit or miss method of separating by defaulting filings in legal books, newspapers or in courthouse trustee sales.

The company has democratized this hidden information that formerly was available to a select group of industry insiders. RealtyTrac considers that by exposing more assets to more interested buyers will increase the market.