Zillow has become one of the most powerful real estate listing search databases on the internet. The website maintains a living database of over 100 million homes. Zillow is an aggregator of real estate listing data. The data that Zillow provides to consumers includes real estate listings in all fifty states and some international locations.
Zillow’s data comes from multiple sources including local MLS systems, public records, foreclosure sources and other databases. The Zillow interface allows a consumer to view property details about homes that are on the market for sale and those that are not. On Zillow, you will find listings that are also listed on other popular foreclosure websites.
The site also provides an estimate the of the value of a property known as a Zestimate. The Zestimate is based on a proprietary formula that Zillow has developed compiling market specific financial data to arrive at an estimate of the homes value. It is important to note that this is a starting point and should be used in conjunction with other valuation tools to arrive at a firm market price for a property.
How to locate foreclosure properties on Zillow:
- Click on the “Homes” tab on the main page
- Click on the “Foreclosures” menu
- You can then build your search based on your criteria
- Zillow allows you to save your search and build email alerts