Zillow launches mortgage marketplace - several lenders one web site
When web 2.0 companies start to release new sites that focus on foreclosures, you know things have gone from bad to worse. Of course it’s not Zillow’s fault that the economy is in shambles. They didn’t make gas prices higher and keep wages low, but they are cashing in on creating technology that focuses the mortgage crisis. Zillow has released a new web 2.0 technology to help you focus on the all the foreclosures in various parts of the country.
I remember when zillow launched, it’s a very cool mashup of technology that gives you an easy to read and zoom map of houses and properties in certain areas and shows the purchase prices and estimated values - a great tool if you were considering buying or selling property. It also made me feel good looking at it and seeing that homes in my neighborhood were going up in value.
Now it’s like watching a bad dream come true, perhaps this will become some kind of offline Trump board game of some sort. Now you can look up your friends, family and enemies addresses to see how bad they are getting screwed on their home prices.
Story from the AP talking about Zillow’s multi-lender mortgage marketplace. A place where many Americans will find that they can get rejected by several places quickly. Just kidding.