FORECLOSURE TRACKERS ANNOUNCES EXPANSION OF COVERAGE
12-04-2007
(Huntington Beach, CA) - FTI announced officially today that it will be expanding into five additional counties in Southern California and one in Nevada. The extended coverage, which will be completed in the first quarter of 2008, will include Los Angeles, San Diego, Riverside, Ventura, and San Bernardino counties of California, in addition to Clark County, Nevada. The coverage of these areas will supplement the currently-listed foreclosure properties of Orange County.
"So many people were impressed with what we did in Orange County that they kept asking us when we were going to move into additional markets," said David Phelps, company President. "As a company, we’re immensely happy to report that we can now satisfy that demand from our users."
Phelps says that although the company had plans to expand its coverage, it didn’t want to do so if the new property information couldn’t meet the same standard of quality that the company had established through its coverage of Orange County. "The challenge that was facing us was in compiling due diligence for several counties that were all larger than the one we were used to dealing with," said Phelps. "However, the company has recently secured the technology, manpower, and necessary partnerships that will allow for us to gather property information for these new areas."
Randy Green, FTI’s VP of Data Acquisition, spoke highly of the accomplishment. "I think a lot of people would have been happy had we expanded into just one additional county, such as Los Angeles," Green said. "At FTI, we pride ourselves on surpassing our customers’ expectations. Instead of one more county, we’re giving them six."
Phelps says that there are further expansions planned for Foreclosure Trackers’ databases. "Watch the site for updates. "We’re taking one step at a time, but we’ve got some great things lined up for the future as we point to 2008 for our nationwide campaign."
FORECLOSURE TRACKERS, INC. NAMES NEW VP OF DATA ACQUISITION
11-01-2007
(Huntington Beach, CA) – Foreclosure Trackers, Inc. CEO Robert Lee announced on November 1st, 2007 the appointment of Randy Green as their new Vice President of Data Acquisition. As Vice President of Data Acquisition, Green’s responsibilities will be to enhance, improve, and maintain FTI’s growing network of property listings and information, in addition to managing relationships between lenders, attorneys, and additional data partners. Green will also use his vast industry knowledge to help shape FTI’s future direction and policy.
"We’re extremely lucky to have Randy Green aboard," said David Phelps, company president. "He brings an incredible skill set of data collection and information management tools to the table, and we can’t think of anyone who has had a better track record of successfully sourcing and utilizing property information."
Mr. Green has led a successful and distinguished 27-year career in the field of real estate, serving as a Vice President of Title Services at Dataquick Information Systems, and a Director of National Sales at First American Real Estate Solutions. Six years ago, Green made the career switch to more data-oriented positions. "Even in sales, I knew the importance of having good data," Green said. "I was more technical than the average guy in the office, so it seemed like a natural progression for me."
Prior to joining FTI, Green was the Director of Data Acquisition for RealtyTrac, Inc. and the Director of Business Development for Steele Software Companies. "I came to FTI purely because of the quality of their property data," Green said. "Real estate subscription services are made or broken by the quality of their information, and as soon as I saw what Foreclosure Trackers was offering, I knew it was going to be a success." Green is excited by the prospect of further improving and expanding FTI’s property databases.
In addition to his extensive and diverse knowledge of computer software, financial markets, and real estate information, Randy Green is a decorated Vietnam veteran, having earned the Combat Infantry Badge, two Bronze Star Medals, and two Army Accommodation Medals for his service. A resident of Irvine, California, Green is an avid golfer and music lover.
FORECLOSURE TRACKERS, INC. LAUNCHES WEBSITE
10-01-2007
(Huntington Beach, CA) – For the first time ever, private investors have the ability to access the same tools that seasoned investors use to purchase property for 20-50% below fair market value. This inside information, known within the real estate industry as "due diligence," has been made available to Foreclosure Trackers' subscribers for a fraction of the cost it would normally take to thoroughly research just one property.
The site, co-founded by visionary investor and CEO Robert Lee, was designed to deliver on promises that other real estate subscription sites have left unfulfilled. Lee became frustrated with sites offering only a street address and an aerial photograph, knowing as an investor that the information was unusable in making an educated purchase. Foreclosure Trackers is the only site on the internet that not only gives investors a starting point, but helps them across the finish line. At Foreclosure Trackers, investors have all of the information they need to profit from foreclosure investing.
While Lee is quick to point out that Foreclosure Trackers' database boasts a huge number of industry firsts, including 3 actual property photos in full color, identification of the mortgage lien in foreclosure, and the actual images of the Notice of Default and the Notice of Trustee's Sale, he prides himself primarily on its user friendliness. The system was designed from the ground-up to be clean, functional, and easy-to-navigate.
Ensuring that no new investor is left behind, the website includes several online foreclosure training videos, showing users how to navigate through the proprietary information in addition to teaching them the finer details of successful investing. The company is committed to giving investors both the tools and the knowledge to use them in the real estate arena.
Lee invites anyone with even a passing interest in foreclosure investment to explore the site. Analysts speculate an all-time high of 10,000 foreclosures in Orange County, CA alone by the end of 2007. With the cyclical nature of real estate, many analysts are stating that there’s no better time to enter the foreclosure market. Lee points out that novice investors stand to gain as much from the current market situation as experienced investors, and the young company already boasts several testimonials from investors and real estate professionals praising the site’s quality of information and education.
The site, located at www.foreclosuretrackers.com, currently lists over 9000 Orange County properties, with planned expansions to several more counties in Southern California and the bay area.