Future Foreclosure Listing Information Now Available Online!

There is one specific home I remember driving by often on my way home a few years ago.  It was clearly foreclosed — the lights were never on, the yard was a shambles.  Occasionally there was a sign on the door.  But despite that, it looked like a beautiful house in a nice neighborhood, and I kept wondering when it would come on the market.  Well, lo and behold, it eventually did come on the market.  It must have been at least six months later, if not more.

Apparently, there is a new tool out there that can give you more information about when a foreclosed home might make it to market, along with other details — address, the amount of the original mortgage and how much is still owed, an estimated price, and even details of how far along the property is in the foreclosure process (to help you figure out when it might be listed).  This could be a great new font of information for all of you potential home buyers and investors out there.

Who is offering up this information?  Apparently, Zillow is.  As of a week ago, there were 11,000 pre-market homes listed on the site in Chicago alone.  If you are in the market, or wondering about a foreclosed home you’re interested in, or just plain nosy, it looks like Zillow might have some interesting information for you.