Foreclosure in 95363>Question Details

Jennifer, Home Buyer in Patterson, CA

What does it mean when trulia has a house listed as notice of foreclosure??

Asked by Jennifer, Patterson, CA Fri Nov 1, 2013

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4
I recently wrote a blog about finding foreclosed homes on Trulia. I'll put a link to it in the web reference below. That should answer all of your questions.

J.R. Thrasher
http://www.SanDiegoRealEstateVeterans.com
619-929-0105
0 votes Thank Flag Link Tue Nov 5, 2013
Hi Jennifer,
If an owner falls behind in their payments they are served a notice of default (NOD) after approximately 90 days. If they do not pay the full amount that is past due plus late fees and other penalties, they can be served a notice of trustee sale (NTS). If the owners do not make satisfactory arrangements with the lender or trustee, then the property could be sold on the courthouse steps in the foreclosure process. The amount shown could be the amount that is due when the NOD is mailed or it could be the amount due when the NTS is issued. Normally the property does not go up for auction for the amount that is listed. There are numerous factors you need to be aware of if you decide to buy a home that is auctioned off.
I have experience in buying homes at the auction, short sales, REO and regular sales. If you are looking for a home to purchase, please give me a call.
Regina Scotland
Simplified Realty
0 votes Thank Flag Link Mon Nov 4, 2013
All it means is that the home owner is behind in their payments. It doesn't mean that the home is for sale or can be purchased for the amount shown.
Good luck,
0 votes Thank Flag Link Sat Nov 2, 2013
What does the amount shown mean?
Flag Sat Nov 2, 2013
It means that a Notice of Default has been filed. Do you need assistance? If so, contact me.
0 votes Thank Flag Link Fri Nov 1, 2013
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