RealtyTrac unveils equity estimator

Real estate research firm RealtyTrac has unveiled new features on its website that allow users to see the amount of equity on properties, the company announced today. The new online tool allows browsers to look at the estimated equity, or negative equity, based on its estimated market value and total outstanding mortgages. The tool will also be available on foreclosure properties and those in default, according to James Saccacio, CEO of RealtyTrac. “These new features bring key information to the forefront, helping buyers and investors more quickly decide which distressed properties represent good purchase opportunities for them,” Saccacio said. TRD