This was a natural progression for us
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Knox, IN (PRWEB) January 6, 2009
Renters can now search for foreclosure free rentals on RentalForeclosure.com. The website has launched its "for rent" platform which gives landlords, real estate agents, and property management companies the opportunity to advertise their rentals on the site.
When a new listing is added to the site RentalForeclosure staff checks the property to make sure it is not currently in default. If the property passes the checks then it is made available on the site for perspective renters to view. No listing is displayed on the site without being certified foreclosure free so renters can look for their next rental with confidence.
"This was a natural progression for us," said Shawn Shepherd, co-founder of RentalForeclosure.com, "we have many users who go to our site with the local newspaper in hand and check address after address to make sure they are not going to rent a home that is already in foreclosure. We've eliminated a step for them by checking all the rentals on our site before hand," Shepherd added.
RentalForeclosure.com started out as, and still is, a web site for renters to use to find out if the home they are currently living in is in foreclosure. According to data compiled by the site, over 300,000 renters nationally were evicted because of landlord foreclosure in 2008. In the month of December alone RentalForeclosure.com had over 500,000 hits, most of them from renters.
In addition to being a resource for renters, the site can also be a useful tool for landlords, property management companies, and real estate agents. Once a listing is loaded in the system the site tracks all of the activity on that listing and gives rental owners and managers easy ways of communicating with potential renters. A property management company or real estate agent could track an entire portfolio of listings on the site's easy to use platform. There is a charge for listing rentals on the site. At the time of this release the charge per listing is $8. For that price the listing is certified by RentalForeclosure and stays active until the listing is rented or a default is recorded.
The Rental listing platform can be viewed at http://www.rentalforeclosure.com/for-rent/
RentalForeclosure.com was founded in 2007 by Dave Madam and Shawn Shepherd in the Las Vegas area. Dave and Shawn both worked together in the real estate industry and saw firsthand the devastating effects on renters when the landlords could no longer afford the mortgage. The company has made great progress in its efforts locally and has since branched out on a national level.
RentalForeclosure media contact: Dave Madam, 702.497.4251