The Chicago Tribune reports today that Zillow, the online real estate database, will now show information on homes that are in foreclosure but have not yet been put on the market for sale. The names of homeowners won’t be listed, but Zillow users will be able to see the address, the amount of the original mortgage, the unpaid balance, an estimate of the potential foreclosure sale price and more, according to the article. Amy Bohutinsky, Zillow’s chief marketing officer, told the Tribune:
“It’s all part of the public record and what the buyer chooses to do with information is up to them and their real estate agent,” she said. “Ultimately, what we’re trying to do is help buyers get a better picture.”
Read the full article, “Zillow to show homes in foreclosure, before they are listed” for details. What do you think of Zillow’s move?
In other news:
Mortgage rates edge up in latest week – Chicago Tribune