A home I am interested in was sold at foreclosure last year. It is now owned by the VA. I contacted the VA

Vicky
Both Buyer and Seller
51503

who gave me the name of the agent they will use when the home comes up for sale. I discovered the house on Yahoo real estate, listed as of a month ago. It is not on my local MLS. The Yahoo listing said that to get more info, I had to sign up for RealtyTrac, with week-long free access available. If it is in Yahoo, why isn't it on my local MLS and is this just something they picked up from the local foreclosure info from last year? Thanks.

Answers (3)
Vicky
Both Buyer and Seller
51503

What I am getting at is, what does its appearance on Yahoo mean - it will be coming up on the MLS soon, it was just picked up from the foreclosure last year, or no meaning at all? Thanks.

Sun Jul 6 2008, 19:46
Lynn911.com Dal...
Agent
Dallas, TX

MLS does not feed into Yahoo or Realtytrac, it depends if the listing agent has the offical contract on the property you tech. can't list in MLS till you have a signed contract from the seller. http://www.lynn911.com

Sun Jul 6 2008, 18:27
Tyler Osby
Mortgage Broker
or Lender

Des Moines, IA
FIRST ANSWER

Vicky,

First things first - foreclosures are a pain in the neck to deal with. If you've got a ton of patience, you can get through the whole process. It isn't too uncommon for this hide and seek game from lenders.

With that said, I'd call the VA back and ask for their loss mitigation department. Often times, they'll have access to the information you'll need. You may have to talk to a few different people until you get someone that might be able to refer you to the right person.

Yahoo.com is what I call an information 'bucket'. There are many sources that fill that bucket. It's pretty tough to say specifically where the listing came from unless it says so in the information.

If this doesn't get you enough help - I can gladly help connect you with someone who can get you some more information on foreclosures.

I'm curious, is there a certain reason this is THE home you're interested in getting?

Thanks for the question.

Keep creating...win-win real estate deals,

Tyler Osby
Wealth Creation Specialist
Four Legacies Mortgage
515-991-7102 (Office)
tyler@iowamtg.com
http://www.wealthwithmortgage.com (My Blog)
http://www.linkedin.com/in/tylerosby (LinkedIn Connections)

Sun Jul 6 2008, 14:51

Didn’t find what you were looking for? Ask a question!

Search Advice & Opinions
Foreclosure Center
Find the latest articles and answers on foreclosure properties! More »

Ask a question

Got a real estate question? Get answers from locals, experts and real estate pros.
Ask
Email me when…

Learn more

View all » 1 - 3 of 5
Copyright © 2009 Trulia, Inc. All rights reserved.   |   Fair Housing and Equal Opportunity
Help us improve our service—send us feedback