RealtyTrac

RealtyTrac is a real estate information company and an online marketplace for foreclosed and defaulted properties in the United States. It was founded in 1993 and is based in Irvine, California. It publishes a monthly U.S. Foreclosure Market Report.

In November 2011 Renovo Capital LLC, a private equity firm, bought a majority stake in the company and formed a new company, Renwood RealtyTrac LLC. James Saccacio was replaced as CEO by Brandon Moore, previously a senior executive at One Technologies, with Saccacio staying as a spokesman and board member.

In August 2012, CEO Brandon Moore was replaced by acting President and COO James Moyle, who joined RealtyTrac during the acquisition of Homefacts in April 2012, where he served as CEO.

The site has over 1 million "distressed" properties in its database at any time. In 2008 they had 150 data collectors, who collected data directly from notices posted on courthouse noticeboards or from county recorder offices. The site charges a monthly fee for access to their listings. The company provides data to MSN Real Estate, Yahoo! Real Estate and The Wall Street Journal and from 2005 they press release monthly figures on foreclosures that they say are a good indicator of real estate appreciation or depreciation. Government agencies and Wall Street analysts also use the data, which are given free to government bodies.

Entrepreneur, Derek White founded RealtyTrac Information Systems with his wife Kimberly, in Santa Barbara, California in 1994;. Alternatively, the company is also reported as being founded in 1996 by White with programmer Michael Keane. Initially, the business located repossessed houses and sold the information to real estate agents, expanding by 1998 to cover 100,000 properties in the state of California.

In 1998 Schwarzrock left Hughes Aircraft; he and Derek White opened the office in Westlake Village, California, just down the street from Realtor.com. They raised nearly $1.8 million from 78 investors which allowed the company to build an expanded robust system. The company gained national attention after White made a presentation at the Inman Real Estate Connect in San Francisco and secured a pivotal relationship with Yahoo! who at the time was the largest web portal in the world. Within a year, the company would be featured on CNBC'S Power Lunch in a segment with Homeseekers.com.

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