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...want to know numbers, there's a good chance you will turn to RealtyTrac, a company in Irvine, Calif., that, thanks to its nationwide network of records collectors, has emerged as a go-to source for foreclosure data. Congress calls RealtyTrac. So do Wall Street analysts. The U.S. Treasury, the FDIC, the FBI, a handful of Federal Reserve banks, a dozen states, even some of the lenders who made the loans being defaulted on--they all use the company's data. That means RealtyTrac, a firm that cleared just $40 million in revenue last year, winds up shaping much...

Author: /time Magazine | Title: House Hunters | 10/23/2008 | See Source »

...from what Derek White and Michael Keane imagined when they started digging up the addresses of repossessed houses to sell to Santa Barbara, Calif., real estate agents back in 1996. The idea came from White, an agent who knew the value of listing leads; the methodology, from Keane, a computer programmer, who wanted to use a new thing called the Internet. In 2000, James Saccacio, a onetime corporate banker who had been doing turnaround work, took over as CEO. "What intrigued me about the business were the natural barriers to entry," he says. "I asked people, Could someone do this...

Author: /time Magazine | Title: House Hunters | 10/23/2008 | See Source »

Some churches' sites, like that of Flamingo Road Church in Cooper City, Fla., receive regular traffic year-round. Others, like the one from Impact Community Church in Elk Grove, Calif., draw visitors with specific sermon topics. Barry Smith, senior pastor at Impact, started an online confession board last spring to enhance his four-week sermon series on the theme of secrets. The idea, says Smith, "was not so much theological as psychological"--a way to aid people carrying the shame of long-held secrets. For at least two of his congregants, the effort was transformative. A former prison guard...

Author: /time Magazine | Title: When Confession Takes Place Online | 10/23/2008 | See Source »

...response to Peter Beinart's question "Is He American Enough?" [Oct. 20] my question is, What is an American? My idea of an American is one who upholds the laws of the land and leads a morally convicted life free of prejudices of any kind. A.B. Madyun, OAKLAND, CALIF...

Author: /time Magazine | Title: Inbox | 10/23/2008 | See Source »

...support John McCain. A lot of us have undergraduate or graduate degrees. There is a simple reason for our choice: we already lived in a socialist country and left it. The U.S. surely would move in that direction should Obama win. Mikhail Godkin, SAN DIEGO, CALIF...

Author: /time Magazine | Title: Inbox | 10/23/2008 | See Source »

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