To be included in this network, buyers and sellers simply register at the site, www.assetexchange.com. Buyers can be notified automatically by phone, e-mail or fax when listings are posted for sale that fit their criteria. Sellers work with AssetExchange.com to package their portfolios for sale.

The site allows secure, anonymous sharing of summary or detailed information that can be downloaded for analysis, as well as photographs of properties in the case of real estate portfolios. The company earns a commission at the time a transaction occurs. The lower costs of the Internet service mean a lower commission fee for parties to a transaction than that paid through a traditional brokerage process.

The venture-backed concern is running on seed money from angels right now, and is currently hunting for another angel round to keep it going while it builds itself up for a larger, institutional round. To that end ,Woo said he gave a presentation to the Portland Angel Network last week, and has given presentations to various investors in California as well. Woo hopes to have another $500,000 to $1 million in hand by the end of the third quarter.