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ReoLynx Launches Foreclosed Property Exchange

Monday, September 29, 2008 5:15:00 AM PDT | VentureDeal Staff

Los Angeles, California  --  Portfolio Matrix Partners announced the launch of their online distressed real estate exchange website.

Called ReoLynx, the system enables institutions to anonymously expose inventory of foreclosed real estate to institutional buyers in a transparent and auction oriented environment.

The benefits of the system are that it provides liquidity to institutions and facilitates market research and price discovery. The company says it is the only US based electronic exchange that supports simultaneous bulk real estate transactions between multiple parties.

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