Asset management software developer ""RES.NET"":http://www.res.net announced Thursday that it has completed a data integration agreement with the online real estate auction firm ""Bid4Assets.com"":http://www.bid4assets.com.[IMAGE]
The partnership allows RES.NET's clients to directly feed real estate property listings to the Bid4Assets.com auction site for additional exposure in liquidating their properties.
""Many clients who use RES.NET to manage their real estate inventory have been searching for a scalable solution to list their inventory on our auction platform,"" said Jesse Loomis, VP of business development at Maryland-based Bid4Assets.com.[COLUMN_BREAK]
According to Loomis, the arrangement between the two companies will make it easy for RES.NET's customers to market their properties to Bid4Asset's database of over 500,000 buyers.
Todd Mobraten, COO of USRES, the parent company of California-based RES.NET, added, ""With a diverse and growing list of clients who use RES.NET to manage foreclosed inventory, we're excited by the opportunity to partner with Bid4Assets. RES.NET stores information for over 100,000 properties, and now this property data can be directly transmitted to a leading disposition platform.""
Mobraten added, ""This partnership provides banks, asset managers, hedge funds, and other sellers with a full service solution in liquidating their real estate inventory.""
With real estate inventory soaring, sellers are looking for new ways to sell distressed property effectively and quickly.
According to a statement from the partnering companies, sites like RES.NET and Bid4Assets.com harness the scalable and cost-effective power of the Internet to manage and sell a virtually unlimited number of properties.
A spokesperson for Bid4Assets says the data integration between the two companies is already being used by a number of RES.NET clients who have successfully sold their listed foreclosed properties.