Foreclosure.com

Foreclosure analysis: Software not needed thanks to SmartZip partnership

foreclosure.com & smartzip.com
BOCA RATON, Fla., Aug. 6 — 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.

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