Foreclosure.com today announced a partnership with Indymac Bank® — the seventh-largest savings and loan in the nation — to market and facilitate the sale of thousands of Real Estate Owned (REO) properties via the Internet, adding another major national lender to its growing stable of prominent data sources.

To read the entire press release click here.

Partnerships like this are what separates Foreclosure.com from other data providers — we get our listings from the very best sources … directly. It’s one of many reasons our listing information is accurate and the most reliable in the industry.

On the other hand, working with major lenders helps them market and sell their REO properties faster because of our massive audience. Each month, millions of interested homebuyers and investors search Foreclosure.com for the best deals in real estate.

Here’s a snip from Foreclosure.com Founder, President and CEO, Brad Geisen:

“More than 80 percent buyers now start their home searches on the Internet. Listing properties on our Web site is a fantastic solution for lenders to penetrate this huge buyer pool. We’re excited about our partnership with Indymac Bank® and are confident that the agreement will help reduce the number of REO listings on its books…. Our research indicates that only 17 percent of a traditional real estate marketing budget is spent online. That means sellers are spending 83 percent of their marketing dollars chasing only 20 percent of the buyers. Put simply, times are changing and the practices of lenders and others involved in the sale of real estate need to change along with it.”

To learn more about how to post REO listings on the Foreclosure.com Web site contact our Director of REO, Glen Daniels, at (561) 981-5337.