Realtytrac.com Complaint - Horrid accuracy rate and updates
I subscribed to REALTYTRAC.COM, a very wide-spread agent that supposedly provides listing information on homes in foreclosure and other general real estate information.
It's a complete rip off.
Example: You have to pay $50 per month to 'subscribe'. Want to see a For-Sale-By-Owner listing? That's right, they pay to list, you pay to see.
Example 2: Of those listed in foreclosure, many are over two years old. They've long since sold and been put back in service. Likewise, many of the addresses are just plain wrong. They either have the wrong street address or they list the banks address instead of the subject property address. I was looking at one neighborhood only when I subscribed. 30-50% of the listings in that neighborhood are either so old they are simply not relevant any longer or just plain don't even exist.
There are other foreclosure sites out there. I'm about to move. But as all things on the internet I have to make sure I don't get the same bozos using a different corporate name with the same useless database. Fortunately, since I have a list of supposed delinquent and bank-owned property that simply doesn't not exist, I have something to compare to. I can see if the samples on the 'new' site still have the same inaccurate fictitious information.
This is real money and a real problem. I spent a day traveling, a good deal of money, and a day on the ground at my selected destination city.
Duh. There was no building at the address listed. Back to a computer to see if I'd made some stupid mistake. Nope. There mistake. You see Park Street is not, er, the same as Parker Street.
I notified them.
A week passed.
I cannot imagine how many other people, albeit probably mostly local folks, have also trekked down to look at this property ... a property that doesn't exist!
Or chased down other leads, done mailings, only to find out the information is so dated as to be useless to anyone other than a historian.
This would rather be like offering a service for streaming stock quotes ... and then streaming them last years data. Ummm. Nobody wants that, save the historian.
So if you're looking for foreclosure information I cannot tell you where to look. But I can certainly tell you where not to look. It's a waste of your $600 per year subscription and an even bigger waste of your time.