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MDA DataQuick Updates Property Research Tool for Distressed Sales

""MDA DataQuick"":http://www.dataquick.com, a division of Deleware-based ""MDA Lending Solutions"":http://www.mdasolutions.com and one of the nation's largest independent providers of property data to real estate[IMAGE]

and mortgage professionals, recently updated PropertyFinder 2G, the company's property research tool.

Changes include expanded property details on distressed sales transactions and more accurate tracking.

PropertyFinder 2G provides access to a nationwide database of detailed property and ownership information, including property profiles, sales comparables, demographic information, and property history, to agents and title companies.

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According to MDA DataQuick, the update was necessary to support the increase in distressed properties on the market. In addition to expanded property history details, the update allows users to track notice of default, notice of trustee sale, or short sale, as well as the transaction that led to the activity.

""In today's economy and housing market, the number of properties in some stage of default is at historical highs,"" said John Walsh, president of MDA DataQuick. ""Whether the property is REO or in default, real estate professionals and title companies need a clear understanding of the property history. With PropertyFinder2G, users identify distressed properties and make quicker, more accurate decisions while providing their clients with a professional, easy-to-read report.""

PropertyFinder 2G's expanded history also adds loan assignment transactions and flags suspicious property transactions, such as unusually large changes in price or properties with multiple sales in less than 30 days. Users can also search online for single or multiple properties using text, document, or Google map search.

Real-time search results are provided in customizable reports, and sales comparables can include a cover page, photos, Web links, and notations. Reports can be e-mailed, opened as an Adobe PDF document, or downloaded to Excel.

About Author: Heather Cernoch

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