Foreclosure.com Partners With VendorSelect To Grow Property Preservation Network

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Nation’s leading foreclosure resource steps up, answering the call to identify the most qualified real estate professionals, contractors and vendors in United States.

Providing the industry with a state-of-the-art platform to search for, vet and hire vendors of all classifications will help the industry at large and get us closer to healing a struggling housing market.

Foreclosure.com today named VendorSelect its exclusive vendor management company that will help the nation’s leading authority on distressed real estate information grow its network of property preservation contractors and real estate agents.

Foreclosure.com forged this strategic alliance to meet the ever-growing demand from its subscribers, as well as clients, to identify qualified property preservation contractors to assist with the repairs and renovations of foreclosed properties, among others, in all corners of the United States.

“We have provided homebuyers and investors with direct access to local real estate agents throughout the nation for many years,” said Jim Houston, Foreclosure.com Vice President. “Our Community Expert Program has created countless opportunities for real estate agents and home sellers/investors to connect. This evolution was just a natural progression of the model in response to the huge demand for qualified, skilled contractors and vendors,” he said.

VendorSelect provides its clients with a robust mechanism to manage vendors across all disciplines in the property preservation and real estate arena. Contractors and agents have the ability to create a profile at no cost in the platform with the ability to improve their ranking based on several elements, including education, among others.

For example, through VendorSelect the vendors may participate in certification programs -- Property Preservation and Field Services program and Certified Short Sale Agent certification -- relevant to their chosen lines of work. Additionally, the VendorSelect network will be available to forward-thinking banks, servicers, asset managers and private equity firms that want to leverage a turnkey network of professionals for their needs.

“We see where the industry is going and we intend to have solutions for each phase of the distressed asset industry,” said Houston. “Providing the industry with a state-of-the-art platform to search for, vet and hire vendors of all classifications will help the industry at large and get us closer to healing a struggling housing market.”

Real estate agents, brokers, contractors and vendors who are interested in expanding their businesses with VendorSelect clients are encouraged to sign up for inclusion in the national network at http://www.VendorSelect.com.

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About VendorSelect
VendorSelect offers the most innovative vendor management platform technology and nationwide vendor network that is designed specifically for real estate loan servicers, asset managers and government-sponsored enterprises (GSEs). Its software allows asset mangers to easily search, hire and rank vendors — real estate agents and contractors, among others — involved in the preservation/disposition processes throughout the United States. Only experienced, qualified and licensed vendors in the REO and short sale arenas are featured in VendorSelect’s nationwide network.

About Foreclosure.com
With more than 2 million preforeclosure, short sale, foreclosure, Sheriff sale, foreclosure auction, bank repossessed (bankruptcy), HUD homes, foreclosed homes for rent to own and tax lien listings in one place, Foreclosure.com delivers America’s largest and most accurate searchable database of distressed real estate and investment property information. Based in Boca Raton, Fla., Foreclosure.com works directly with hundreds of top lending institutions and government agencies to list diverse property types on its website, as well as features listings from an extensive network of corporate sellers. As a result, the company has been recognized by high profile media outlets and prestigious non-profit industry groups alike as the number one rated distressed property listing resource available anywhere. Foreclosure.com offers much more than just real estate listings, connecting sellers, buyers and agents in one convenient location as a one-stop real estate marketplace.

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Tom Myers
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