Las Vegas Company Enhances Pre-Foreclosure Data Tracking

LAs Vegas, NV July 3, 2004 -- Spawned from rising interest rates coupled with the fastest growing real estate market in U.S. history, a Las Vegas based real estate data research firm is unveiling a new web-based default data tracking service, designed to enhance investor productivity and reduce costs.

Martin Real Estate Services LLC has dubbed the new web application "DefaulTrak", which has been available as a beta test version to current subscribers of their email and fax based default information service, LV DEFAULT (http://www.lvdefault.com). DefaulTrak will be released to the public on a national scale on July 6, 2004.

DefaulTrak answers the requests of investors who have been seeking the fastest, most reliable method in which to obtain and track default properties. DefaulTrak encompasses three levels of service and offer a "Lite", "Pro" and "Max" version. Prices have not yet been announced, but expect to be in line with current subscription price structures.

David Miles, Chief Software Architect and former Microsoft Engineer, says the web application is "Designed to track properties from the very beginning of the foreclosure process, the ‘Notice of Default' stage on through to its final conclusion - the trustee sale - and all points in between."

"What we've created here is the most enhanced productivity tool ever created for the distressed property investor. A subscriber to our service can, not only view and track each and every daily notice of default and notice of trustee sale as they are entered live into the system, but also add properties they wish to track to a "hotlist", receive notices in his email or SMS-based tool the instant any changes occur with those properties, generate on-the-spot qualified CMA's, obtain preliminary title abstracts, tax and records reports, view property photos, etc," Mr. Miles added.

Anthony Martin, Foreclosure Specialist for Martin Real Estate Services LLC, said the web-based product will greatly enhance the company's continued dominance in the pre-foreclosure data market and allow for better handling of the increased mortgage defaults the Las Vegas Metro area has recently been experiencing.

"Our default data services were already a market leader. Now with the addition of DefaulTrak, we'll be able to provide our client base with the absolute fastest, most complete distressed property tracking solution available anywhere in the US," Mr. Martin said.

Within weeks after the Las Vegas launch of DefaulTrak, Martin Real Estate Services LLC is expected to begin marketing the same service in California's Los Angeles and Orange Counties and Arizona's Maricopa County.

For more information, contact us at the following web address: http://www.lvdefault.com





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