More Morning Headlines: Zillow to post foreclosures not yet listed for sale

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 weekChicago Tribune

Top 10 Metro Areas With the Highest Foreclosure Rates – ABC News

This entry was posted in Housing Market, Uncategorized by Stephanie Sievers. Bookmark the permalink.

About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.

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