REO Traders is Launching Its Premiere Website of Foreclosures for First Time Home Buyers and Investors

Pleasanton, CA, May 06, 2010 --(PR.com)-- REO Traders was launched May 4, 2010. REO Traders is a website dedicated to offering a free service that helps first time home buyers, realtors, and investors find properties to buy and sell across the United States. The foreclosure market rose dramatically in 2009 with 2.8 million foreclosure filings, and according to RealtyTrac, the foreclosure rate has increased another 7% just in the first quarter of 2010. The need for a website like REO Traders is high in a market with plenty of properties and products, but without an easy way to access that information. B. Michael White, REO Traders Partner says, "We wanted to satisfy the need for a community that makes buying and selling properties across the country easier….this allows great opportunities to reach a wider audience." REO Traders offers investors and home buyers good deals, as well as provides a place for real estate agents, brokers, for sale by owners (FSBOs), and banks to sell existing properties.

Becoming an REO Traders member is quick, easy, and free. Investors and home buyers can sign up to find great deals on properties across the country. Real estate agents, brokers and FSBOs can create an account to post their inventory. Users who are looking for great properties can take advantage of a variety of useful tools such a 'Mortgage Calculator', 'Neighborhood Profiles', and 'School Profiles'. Members can save search results and also get e-mail updates on new properties that match their search criteria. For more information please visit www.reotraders.com.

About REO Traders:

REO Traders provides investors with all the tools needed to successfully find the right property for their portfolio. For first time home buyers, investors, agents, brokers, and FSBOs, REO Traders helps market properties to an audience focused on investing, making it easy to sell properties quickly and easily.

###