Home | Newsletter | Advertise
loading...

Zillow to List Presale Foreclosures

  • October 31st 2012

by Shilpi Paul

✉️ Want to forward this article? Click here.

Zillow to List Presale Foreclosures: Figure 1

House hunters on the prowl for foreclosed homes will soon be able to check out these properties before they even hit the market.

Real estate website Zillow has started listing properties that are bank-owned or in the foreclosure process, but not yet on the market, reported The New York Times recently. Zillow’s inventory includes 1.8 million such properties.

From the Times:

Having access to an inventory of “presale” properties — those that are pending foreclosure or that have already been foreclosed on — may make it easier to get a jump on properties potential buyers are interested in, said Amy Bohutinsky, Zillow’s chief marketing officer.

This feature may also help house hunters, investors and other interested people get a better sense of the so-called shadow inventory, the looming foreclosures that many fear will pull down housing prices when they hit the market.

Similar Posts:

See other articles related to: shadow inventory, zillow

This article originally published at https://dc.urbanturf.com/articles/blog/zillow_to_list_presale_foreclosures/6231.

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse