{"id":3768,"date":"2011-02-24T11:26:33","date_gmt":"2011-02-24T19:26:33","guid":{"rendered":"https:\/\/redfindevelop.wpengine.com\/blog\/?p=3768"},"modified":"2020-10-05T13:12:32","modified_gmt":"2020-10-05T20:12:32","slug":"redfin_now_showing_700_more_foreclosed_homes","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/redfin_now_showing_700_more_foreclosed_homes\/","title":{"rendered":"Redfin Now Showing 700% More Foreclosed Homes"},"content":{"rendered":"<p><a href=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2011\/02\/foreclosure.png\"><img decoding=\"async\" class=\"alignright size-full wp-image-3769\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2011\/02\/foreclosure.png\" alt=\"\" width=\"100\" height=\"142\" \/><\/a>Last night, we flipped the switch on a different data source that gives us a more complete picture of the number of <a href=\"https:\/\/redfin.com\/definition\/bank-listed-foreclosure\">foreclosed homes<\/a> that are not yet listed for sale. This is a part of what a lot of people refer to as the <em>shadow inventory<\/em> &#8212; homes that have been foreclosed upon by the banks, but not yet processed and put back on the market. These are foreclosed homes that are still waiting in the wings.<\/p>\n<p><a href=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2011\/02\/info.png\"><img decoding=\"async\" class=\"alignleft size-full wp-image-3772\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2011\/02\/info.png\" alt=\"\" width=\"159\" height=\"192\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2011\/02\/info.png 284w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2011\/02\/info-248x300.png 248w\" sizes=\"(max-width: 159px) 100vw, 159px\" \/><\/a>The change we made yesterday increased our coverage of these pre-listed foreclosed homes from under 10,000 properties to more than 80,000. This change also provides a more complete picture of each individual home. For instance, we now show the auction price and date for many foreclosed homes &#8212; these are the results of failed auctions that have already taken place.<\/p>\n<p>Why is this change good? Since these foreclosed homes will probably be listed in the near future, you can <a href=\"https:\/\/redfin.com\/blog\/help\/search\/track-favorites\">add any of them to your Favorites list<\/a>, and sign up to receive email alerts whenever any of them come onto the market. And we already show you any foreclosed homes that are listed by an <a href=\"https:\/\/redfin.com\/definition\/Multiple-Listing-Service\">MLS<\/a>, so you&#8217;ll know exactly when these homes become available for purchase.<\/p>\n<p><a href=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2011\/02\/search-option.jpg\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignright size-full wp-image-3779\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2011\/02\/search-option.jpg\" alt=\"\" width=\"437\" height=\"250\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2011\/02\/search-option.jpg 729w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2011\/02\/search-option-300x172.jpg 300w\" sizes=\"(max-width: 437px) 100vw, 437px\" \/><\/a>If you want to search for foreclosed homes, click on <em>More Options<\/em> under the search box at the top of the page, and check <em>Foreclosed Homes<\/em> from the lower left column. Foreclosed homes will show up as purple icons on the search results map. If you don&#8217;t want these foreclosed homes to show up in your searches, just make sure that option is unchecked, as it is by default.<\/p>\n<p>We also plan to analyze all of this information to help us better understand market as a whole, and we&#8217;ll share what we learn with you.<\/p>\n<p><em><strong>More: <a href=\"https:\/\/redfin.com\/resources\/how-to-buy-foreclosed-bank-owned-homes\">How to Buy Foreclosed and Bank-Owned Homes<\/a><\/strong><\/em><\/p>\n<p>But what we didn&#8217;t plan to do was flood everyone with a big purple tidal wave of foreclosed homes. We should have filtered these homes so that they didn&#8217;t show up as &#8220;brand new&#8221; listings, which would have prevented them from overloading your listing alerts. We&#8217;ve heard from a few of you about this issue, and we&#8217;re fixing it so that it won&#8217;t happen again.<\/p>\n<p>If you have any questions or comments, feel free to post them at the bottom of this page, or <a href=\"mailto:feedback@redfin.com?subject=Blog%20post:%20Redfin%20Shows%20700%25%20More%20Foreclosed%20Homes\">email us directly<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last night, we flipped the switch on a different data source that gives us a more complete picture of the number of foreclosed homes that are not yet listed for sale. This is a part of what a lot of people refer to as the shadow inventory &#8212; homes that have been foreclosed upon by [&hellip;]<\/p>\n","protected":false},"author":13096,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[57],"tags":[],"dashboard":[],"coauthors":[],"class_list":["post-3768","post","type-post","status-publish","format-standard","hentry","category-company-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.7 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Redfin Now Showing 700% More Foreclosed Homes - Redfin Real Estate News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.redfin.com\/news\/redfin_now_showing_700_more_foreclosed_homes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Redfin Now Showing 700% More Foreclosed Homes\" \/>\n<meta property=\"og:description\" content=\"Last night, we flipped the switch on a different data source that gives us a more complete picture of the number of foreclosed homes that are not yet listed for sale. 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