ForeclosureRadar Adds Powerful Foreclosure Alerts Feature to Give Professional Investors, Realtors and Government Agencies an Edge in the Fast-Changing Foreclosure Market

Customizable foreclosure Alerts enable ForeclosureRadar subscribers to work faster, smarter and more effectively

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Aug 05, 2010, 08:10 ET

DISCOVERY BAY, Calif., Aug. 5 /PRNewswire/ -- ForeclosureRadar (http://www.foreclosureradar.com), an online service that provides accurate, up-to-date information on the foreclosure market in California, Arizona, Nevada, Oregon and Washington, announced today that it has released a powerful new "Alerts" feature for the thousands of professional investors, Realtors, government agencies and financial institutions it counts among its subscribers.

ForeclosureRadar Alerts deliver email or text messages (SMS) and can be quickly generated to find and track foreclosures, or monitor opening bids at foreclosure auctions (trustee sales).

ForeclosureRadar Alerts are far more powerful than the basic email notifications other online foreclosure services have previously offered.

Only ForeclosureRadar Alerts allow subscribers to:

Proactively receive daily updates on new foreclosures by foreclosure stage, city, ZIP Code, number of beds, number of baths, square feet, estimated value and property type.
Be notified whenever previously saved foreclosures have a change of status, including a new foreclosure notice on that property, postponement, cancellation or foreclosure sale.

For $79.95 per month, subscribers may upgrade to Advanced Alerts, which allow subscribers to:

Monitor opening bids, providing foreclosure auction investors an invaluable head start versus the competition at trustee sales.
Have any property that matches their Alert criteria automatically saved, so that they can automate the workflow of finding and tracking foreclosures.
Receive immediate Alerts on specific foreclosures via email and text message (SMS), in addition to the standard daily summary emails.
Use ForeclosureRadar's full range of 60+ search criteria.

"The foreclosure market is incredibly complex and ever-changing, and success is predicated on access to quality information in a timely fashion," said Sean O'Toole, ForeclosureRadar's founder and CEO. "ForeclosureRadar Alerts will further help our customers stay one step ahead of the competition."

ForeclosureRadar is a Web-based subscription service. Subscriptions are $49.95 per month with no long-term contract. A 3-day free trial is available.

About ForeclosureRadar.com

ForeclosureRadar features unprecedented tools to search, manage, track and analyze pre-foreclosure, foreclosure auction, short sale and bank owned real estate. The company was launched in May 2007 by Sean O'Toole, who spent 15 years building and launching software companies before entering the foreclosure business in 2002, where he has successfully bought and sold more than 150 foreclosure properties. ForeclosureRadar is privately held and based in the San Francisco Bay Area.