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Dennis is a marketing professional and real estate investor. As the Director of Marketing for ForeclosurePoint.com a service of DepotPoint Inc., he is helping drive change in the foreclosure marketplace. ForeclosurePoint is creating a nationwide foreclosure marketplace bring buyers and real estate professional together.
Brian, ForeclosurePoint gets it's data from multiple sources. We collect data directly from counties and from both small and large data suppliers. However, collecting this data is only the beginning of the process. The real value we provide comes from the information we gather directly from banks, title companies, trustees, and at the foreclosure auctions. Knowing a house is in foreclosure is step one of a multi-step process. Steps 2, 3, 4... are learning about all the foreclosures on that property, the exact status of each foreclosure, each lien position, if an auction has been postponed, or if an opening bid has been dropped. Aggregation companies don't provide all this information. It has to be painstakingly collected, scrubbed and assimilated. I think the answer to your question is both the data and presentation are different. If you are interested participating in the foreclosure market, I recommend testing all the services to find the one that provides the level of information, geographic coverage, tools, helpful content and presentation that you find the most useful. Dennis Green Director of Marketing ForeclosurePoint.com
Sean you are right about the last 12 months. There are some very innovative companies trying to open what continues to be a very fragmented and closed marketplace. The next 12 months will see just as many innovations and some real change taking hold. However, you are wrong about being the first and only company to to offer foreclosure listing on a Realtors website where site visitors stay on that website. ForeclosurePoint's BrokerOffice solution was the first and is the only service allowing site visitors to see foreclosure listings with complete street addresses for free. The entire experience happens within a Realtor's site, and the branding is entirely the Realtors. The service is currently available in 34 states in addition to California. The fastest most equitable way to work through the excess of foreclosures in our current market is to open (expose) the foreclosure marketplace to everyone, then direct potential buyers to local foreclosure experts. Dennis Green Director of Marketing ForeclosurePoint.com
