2008/07/24

Domain Name News

Rick Schwartz sells Property.com to Foreclosure.com

Posted: 23 Jul 2008 05:01 PM CDT

“Domain King” Rick Schwartz has sold “property.com” to foreclosure.com. Rick purchased the domain for $750,000 USD less than 3 years ago. Details of the deal have not been disclosed at this point and it is not known if “properties.com” was included in the deal.

Property.com will include all listing types, including those indexed the Multiple Listing Service (MLS), creating a database that could surpass more than 15 million homes, but not including distressed properties, which will remain the business of Foreclosure.com. [...] The new Property.com will be unveiled sometime in 2009.

[Via Rick's Blog / MarketWatch (press release)]

Domain Convergence, October 6-8, 2008, Niagara Falls