Foreclosure in Arcadia>Question Details

Lady Miss Mo…, Other/Just Looking in Arcadia, CA

Reasons why a Foreclosed home is not listed on Trulia?

Asked by Lady Miss Morin, Arcadia, CA Fri Feb 22, 2013

Are there any reasons why a foreclosed/bank owned home is not listed on regular sites as trulia, zillow, realtor, etc.? How reliable are realtystore, realtytrac, and irenttoown sites?

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Hi Lady Miss Morin,

There are three steps that have to take place before a property can be sold as a foreclosure. Here's a quick diagram explaining the process of actually getting to the status of an actual foreclosure and being sold to the Bank or a 3rd Party transferring via a Trustee's Deed:…

I would just caution you if the property listings are from RealtyTrac, which is a company who advertises "foreclosure listings" on Trulia. RealtyTrac's primary objective is to separate you from your $$$ in exchange for providing information most any Realtor® can provide you for FREE.

As far as having the most up to date listing information for ACTIVE listings team with a local Realtor® who can set you up with an automated search for what you can afford.

BEFORE you start seeing property, obtain a "True Pre-Approval" (your most important step in my opinion).
You MAY need to improve your credit score, increase cash reserves, etc. before buying; however, at least you will have a roadmap to eventually purchasing if this is the case. Furthermore, this step can save you from wasting money on a purchase that does not close escrow!
"Retail Banks vs. Mortgage Broker/Bankers"

1 vote Thank Flag Link Fri Feb 22, 2013
Awesome! Thanks!
Flag Fri Feb 22, 2013
@William, your comment about all foreclosure websites being fakes is an untrue blanket statement. Yes there are some fraudulent sites out there but there are many that are trying to genuinely offer services to the public. The small membership fee covers the cost to continuously provide up-to-date information, something that cannot be said about Trulia and Zillow.

@Lady Miss Morin: Trulia and Zillow are constantly running behind to pick up the data. In the current market, foreclosures are a fast moving commodity. In many cases, by the time a foreclosure property can be found on Trulia or Zillow, it already has an offer or has been sold.

Your best bet it to work with a local real estate agent. You can always tell your agent about a property you found online and ask them to check it out. Then you know for sure that the data is accurate.
0 votes Thank Flag Link Sun Feb 24, 2013
Thanks! Much appreciated!
Flag Sun Feb 24, 2013
Good Evening Lady Miss Morin,

Those sites are all fakes that coerce you into paying to access their properties. That's why the same properties are not on trulia/zillow/etc. There's a reason the street number is never displayed. You'll find that the properties they advertise are not really for sale. Your best bet is to find your local area expert, like me, and have him/her find properties for you.

I'd appreciate it if you pick my answer as the best :D

Have a wonderful weekend,
William, CIPS, RSPS
0 votes Thank Flag Link Sat Feb 23, 2013

So you know the Arcadia area?
Flag Sun Feb 24, 2013
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