Bargains can be realized on foreclosure properties, but just how big of a savings could someone realize? Zillow has created the Foreclosure Estimate, which is the price Zillow predicts a property will sell for if it's listed as a foreclosure (bank-owned property or real estate owned).
Finding information on foreclosure listings is not easy. Or, you have to pay for the information. That's why Zillow has made available listings and information for pre-foreclosures, foreclosures and bank-owned properties for free.