REOTrans Sees Billions In Online Home Sales.

Los Angeles -- REOTrans LLC, a provider of systems for managing and selling residential foreclosures, has sold over 150,000 real estate-owned homes at $22 billion in total through its Web-based platform since the inception of the company in September 2003.

Moreover, it appears that as online sales become more and more popular, the tide is turning upwards when it comes to REO sales.

We continue to see substantial additions of foreclosure properties to our system each month, said REOTrans CEO, Chris Saitta, commenting on the data. On the plus side, we are definitely starting to see higher numbers of properties selling, even in areas like California and Florida, which have been significantly impacted by the current real estate and mortgage crisis.

Residential real estate foreclosures have increased dramatically during the past year, the company said, and as of now, approximately 175,000 properties are available through the REOTrans platform.

It provides buyers and investors with free real-time access to REO listings nationwide.

REOTrans allows agents to have up-to-the-minute information on any property at anytime, day or night, all free of charge, the executive said.

According to Mr. Saitta, Homebuyers and investors are becoming more active and starting to buy properties once again. There are a lot of good values being offered by sellers.