Beginnings Serial entrepreneur, Derek White founded RealtyTrac Information Systems in Santa Barbara, California, in 1994;. Alternatively, the company is also reported as being founded in 1996 by White with programmer Michael Keane. Initially, the business located repossessed houses and sold the information to real estate agents, expanding by 1998 to cover 100,000 properties in the state of California. relocated RealtyTrac to its former location in
Irvine, California.
Move nationwide A reduction in foreclosures in California coupled with start-up costs resulted in the company failing to make a profit, and so in July 2000, when the company was based in
Westlake Village, they launched a national website to sell data from DataQuick Information Systems for a daily or monthly charge. In 2000, Jim Saccacio stepped in as the CEO after White left to start Stellar Real Estate Solutions in Ohio. The CEO from October 2000 until November 2011 was Saccacio, previously principal at Transition Management Group. Saccacio, assisted by White's vision to sell data to Yahoo Real Estate, helped move the company from a statewide business to a national one.
2011 purchase Renovo Capital LLC, a private equity firm, bought a majority stake in the company in November 2011 and formed a new company, Renwood RealtyTrac LLC. Saccacio was replaced as CEO by Brandon Moore, previously a senior executive at One Technologies, with Saccacio staying as a spokesman and board member. ==Reception==