Tuesday, November 3, 2009

Report: Oversupply of foreclosures to drive down house prices

"Many people are unaware of the massive supply of homes that are already in the foreclosure process that will certainly drive home prices down even further when they are sold." - John Burns Real Estate Consulting, Inc.

Read the full article HERE at the Birmingham Business Journal's site

If you want to be the first to know about deals on foreclosed properties, visit www.bankermls.com.

Banks, if you aren't listing your properties with BankerMLS, you are missing out on great exposure and an opportunity to sell your foreclosed properties more quickly. For more information, visit www.bankermls.com or contact TriNovus at info@trinovus.com.

Friday, September 25, 2009

New Enhancements to BankerMLS

In the past couple of months, we've added thousands of new foreclosures to the site. Also, we've made several enhancements to the system:

Search Engine Optimization (SEO)
We've utilized methods to publish our site indexes at Google, Yahoo and MSN to improve search performance (over 3000 URLs have been submitted). Also, we've added "breadcrumb trails" for navigating through the site geographically and we've improved our use of keywords throughout the site. All of these steps will increase our performance on search engines as these engines index our new listings.

RSS Data Feeds
You can now "subscribe" to listings in any state by clicking on the RSS icon or the Subscribe link on the home page. This will allows users to follow new properties more easily in their areas.

Twitter Integration
Now, every time you add a new listing to the system, we "tweet" a message on Twitter which links back to the listing. You can follow us on Twitter by using this link: http://twitter.com/BankerMLS

Virtual Tour Links
We've added a field to the Property records to allow you to plug in a link to the Virtual Tour for the property. Any valid URL can be plugged into this field. This will provide viewers and investors with a link on the property detail page that says "Virtual Tour"

Wednesday, September 23, 2009

BankerMLS Adds Thousands of Properties To Bank Direct Foreclosure Website

PRESS RELEASE
Contact: David Brasfield, TriNovus
(205) 991-5636

BankerMLS Adds Thousands of Properties To Bank Direct Foreclosure Website

New Additions Expand Website Footprint to 30+ States


Birmingham, Ala., September 23, 2009 – BankerMLS (www.bankermls.com), a web-based application designed to enable financial institutions to obtain maximum exposure and value for repossessed assets and to provide consumers with access to foreclosed properties direct from said financial institutions, today announced that it has added thousands of new foreclosed properties to its website. The new additions expand the BankerMLS footprint to 30 plus states and are a result of new contracts with several financial institutions.

David Brasfield, CEO of TriNovus, the company that developed BankerMLS, says they have seen a huge increase in website traffic recently and believes that it is due to the unique way that BankerMLS provides foreclosure information to the public.

“With BankerMLS, foreclosed property information becomes available to the public in the most expedient way”, said Brasfield. “The banks update BankerMLS themselves, meaning as soon as they have foreclosed properties available, they can immediately list them on BankerMLS.com.”

Brasfield went on to say that with BankerMLS, there is no courthouse retrieval lag time – every property is real time and the information is accurate because it is coming directly from the source.

Brasfield added, “With listings found on BankerMLS.com, you KNOW the seller is motivated.”
BankerMLS has also added a new feature where consumers can subscribe to a state specific RSS feed so they can be the first to know of new property listings in particular states of interest.
With foreclosure rates at continued record highs, Brasfield and the creators behind BankerMLS believe in the power of their solution to help banks to obtain relief from burdensome foreclosures while at the same time exposing consumers to quality real estate at a good price.

About BankerMLS
BankerMLS is a web-based application targeted to financial institutions that allows them to obtain maximum exposure and value for repossessed assets. BankerMLS is a product of TriNovus (www.trinovus.com), a Birmingham, Ala.-based company founded with the goal of delivering relevant technology solutions to the marketplace. TriNovus also offers a vendor management solution for banks, BankerVMS (www.bankervms.com) For more information on the BankerMLS product visit www.bankermls.com or contact David Brasfield at 205.991.5636.

Friday, April 24, 2009

We Were on Fox6 News

Today our BankerMLS site is getting extra traffic, more than usual. This morning alone we have over 1800 unique hits to our site— We were featured on Fox 6, WBRC-TV, news. Check out the story from Fox6. Now is a good time to act on foreclosures.

Thursday, April 23, 2009

Who is Responsible


With foreclosures still on the rise another issue has become clear. Who pays to keep a property clean and maintained before the bank takes the title officially? In Florida it looks as though the taxpayers will be paying the bill according to the Orlando Sentinel. Banking lobbyist are moving forward with a measure for the taxpayers to be responsible monetarily for the services rendered for the foreclosed properties.

This is an interesting debate. You can't charge the home owners because if their home is in foreclosure you can't exactly bill them, the bank doesn't officially own it without the title, and the taxpayers of course don't take ownership physically. So who should pay for the properties in question? I guess we'll have to wait and see how it pans out in Florida, then see if other states follow suit.

Tuesday, April 21, 2009

BankerMLS Forms Partnership with ERA Real Estate

Press Release

Birmingham, Ala., April 13, 2009 – BankerMLS (www.bankermls.com), a web-based application designed to enable financial institutions to obtain maximum exposure and value for repossessed assets, announced today that it has formed a partnership with ERA Real Estate (www.era.com) franchises throughout the state of Alabama.

The partnership will provide BankerMLS customers in the state of Alabama with additional resources and expertise in the area of foreclosures. The overall goal is to enable banks utilizing BankerMLS to liquidate their foreclosed assets in a more timely and efficient manner. ERA Real Estate will provide the banks with additional information on the properties they have and a realtor resource who can help them manage their transactions.

“We are pleased to welcome the ERA franchises across Alabama to our team,” said David Brasfield, CEO of TriNovus, the company that developed BankerMLS. “ERA is a trusted name in real estate and by incorporating their network and tremendous industry experience, we believe they will be an integral part of the BankerMLS solution.”

“We are well aware that times are tougher than ever for banking institutions,” said Jeff Newman Broker/Owner of ERA Oxford Realty in Birmingham, AL. “We are ready to step up to the plate to assist the banks with managing and controlling the growing foreclosure problem. BankerMLS will provide us with a gateway to form meaningful relationships with banks throughout the state of Alabama,” he said.

ERA franchises interested in a partnership with BankerMLS can contact Randy Goggans at 205.991.5636 or Jeff Newman at 205.296.4488.

About ERA Real Estate
ERA Real Estate franchises have been in business for over 30 years and are located throughout the United States, as well as being in over 50 countries and territories. ERA stands for Electronic Realty Associates and has been the leader of real estate technology since the 1970’s, beginning with the use of the fax machine. For more information on ERA Real Estate please contact Jeff Newman at 205.296.4488 or visit www.era.com. For a list of ERA partners in the state visit www.bankerMLS.com.

About BankerMLS
BankerMLS is a web-based application targeted to financial institutions that allows them to obtain maximum exposure and value for repossessed assets. BankerMLS is a product of TriNovus, a Birmingham, Ala.-based company founded with the goal of delivering relevant technology solutions to the marketplace. For more information on the BankerMLS product visit www.bankermls.com or contact David Brasfield at 205.991.5636.