Foreclosures Added to Zillow Online Listings

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In a recent news posting written by Anthony Ha entitled:Zillow Adds 1.8M Foreclosed And Pre-Foreclosure Homes To Its Real Estate Listings,  TechCrunch reported that the online real estate company Zillow is expanding its online inventory to include foreclosures.  Many of the new listings will actually be “pre-market inventory” since the homes are in the foreclosure process or have recently been foreclosed but not officially listed for sale.

The new listings are drawn from public records, Zillow says, and it looks like the vast majority (1.5 million) of them consist of pre-foreclosure homes, where foreclosure proceedings have been initiated or an auction has been scheduled. Another 250,000 listings are homes that are owned by the bank or lender but are not yet listed for sale.

Zillow intends to significantly expand the information that is available for the new inventory and will soon be launching a new Foreclosure Center.  For further information, please either refer to the TechCrunch article or visit Zillow’s website.


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