Zillow late mortgage payment insights

Homeownership was once (and for some, it continues to be) the American dream. Carving out your slice of the United States of America isn’t getting easier, but if you can forgo a few hundred thousand lattes it’s still possible.

If you can scrape together the down payment for a home, you will likely pay hundreds of thousands of dollars in interest. This is especially true given the recent rise in interest rates. If you look back further than 15 years, rates are still quite low, but it’s still painful when you look at your monthly rate if you bought back in 2020 or 2021.

I digress, as of June last year there are over 5 million homeowners who are late on their mortgage payments. Looks like a few people need to set up autopay or they bit off more than they could chew.

What if this information was… public? Ignore for a fact that massive invasion of privacy and imagine a world where you could see if someone was delinquent when browsing Zillow. You’d catch people in a vulnerable position and likely be able to purchase property for a more competitive price than normal.

This would be a nightmare for many new homeowners and dangerous for the already relentless investors who will aggressively go after homes they think they might be able to purchase. All in all, a very unhinged idea.

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