BEST ANSWER
FIRST ANSWER
Foreclosures are a public record and you do not have to pay if you get the information yourself at the county courthouse or registry of deeds whichever you have. If you are looking at realty trac, the complile information, give you a teaser and want you to pay fo rthe information, it is up to you whether you want to pay for convenience sakes or do the looking your self. Now this preoprty is a notice of foreclosure, this is not the sales price but perhaps what they owe. a notice has been posted giving the owner an amount of time to pay or sign an agreement stopping foreclosure. If they do not it is auctioned, If the bank takes the house back after the auction, it will be assigned to an asset manager who will assign it to an approved broker in that area. It will be cleaned, appraised and priced at market value for that area. The price you see could be what they owed, it is not going to be the sales price. I have posted a link on my site for a free 7 day trial so people can see what realty trac actually offers. In almost every case they only posts notices of foreclosures, they do not list homes but are a data collection company and bascially sell data. You should get a buyer broker in your area who can keep an eye when this house does hit the mls. Good luck with yoru search.
Tue Jan 6 2009, 10:34