Charles - Brian is right, the products are very different. First let me clarify that we have two products: 1) ForeclosureRadar - which offers the best foreclosure information for AZ, CA, NV, OR and WA. We're different then other foreclosure services because we track what actually happens on the court house steps, not just the public record notices recorded at the county. 2) PropertyRadar, our new product, currently for CA only, that offers everything ForeclosureRadar does, plus information on every property in the state, every transfer, listings, comparables and more.
Our focus is on making public record property data usable for investors in ways that help them make money, save time or reduce risk. I built the tool based on my personal experience buying and flipping more than 150 properties. Our investor customers are buying $300-500 million dollars worth of property a month using our products. A claim I'm comfortable that no one else can make.
I tried using public record life event data to buy deals - divorces, bankruptcies, probate, etc - but didn't find it to be of much value. What worked for me in buying those deals was building relationships with attorneys and other related parties that see the deals way before anything is recorded. You can then use our product to get all the details on the property fast. Hopefully Rebo's customers are having more luck with the life event data, but we haven't offered it, because I'm not convinced its worth pursuing. Would love to hear if any investors have actually done any deals using it, as it would be super easy for us to add to our service.
P.S. Eddie - note that title companies in CA rarely provide foreclosure lists, and are barred from providing them to anyone with a real estate license by SB133. Also, we don't just track the notices, but all the postponements, cancellations, sales, etc. so we offer a lot you can't get from the title co regardless.
Best,
Sean O'Toole
Founder & CEO
PropertyRadar
