There is still a lot of confusion out there about both the loan mod and the refi options. Anybody have a first-person story that might help other Zillow users?
Larry -- I don't necessarily think lenders should loosen lending standards, I'm just wondering if it will happen, thanks to this tax credit (if it's enacted). Just seems to me that, if standards are loosened, it could be a slippery slope to another foreclosure crisis. Just wondering what people think about that.
I'm fascinated by this, too. FatNoah, I share your concerns. I think it remains to be seen if this will cause lenders to loosen standards at all. If so, will making this available to only those who buy in 2009 mean that many who probably wouldn't otherwise buy this year will jump into homeownership too fast? And with all the job losses so far this year, and probably more to come, could this give us part two of the foreclosure crisis a few years down the road? Curious to hear what people think of this.
Agents -- I'm a PR person at Zillow, and I'm looking for REO listings of high-end homes to be highlighted on the Wall Street Journal's Web site, wsj.com. I'm working with a reporter there who is looking for 5-6 homes that were foreclosed on in 2008, and which the lender is currently trying to sell. The best part: wsj.com would link each photo back to the home's listing on Zillow. It's a great opportunity for some extra traffic to your listings. The photos would accompany a story based on Zillow data. I'm looking for listings across the country.You can answer this question or send me an email at katiec at zillow.com. Thanks!
Hi Peaches,When you're on Zillow's home page, type your address into the search bar up at the top. If your home is one of the 68 million we have Zestimates for, you should be able to see it.Here is more information about Zestimates:http://www.zillow.com/howto/Zestimate.htm
Anyone have a Home Affordable success story? Any lenders gearing up to help borrowers with this?