Home Buying in Burlingame>Question Details

Windowshopper, Both Buyer and Seller in San Francisco, CA

Are prices on the foreclosure properties for Burlingame showing on Trulia the amount of the unpaid loan or?

Asked by Windowshopper, San Francisco, CA Tue Jun 2, 2009

asking price?

Help the community by answering this question:


Yes... When you see a foreclosure on Trulia and it has a Realty Trac Logo you see the amount of the loan balance. The question is what do you want to do with that information... Buy? If so, you have to know that there are Several Stages of Foreclosure and Realty Trac doesn't differentiate what level when they report (it's part of the service you pay for when you sign up with them).

If you are looking to buy Foreclosures you should:
1 - Hook up with a Real Estate Agent who is a foreclosure specialist / super knowledgeable (there is no legal title of specialist)

2 - learn the laws of Foreclosure in your state

3 - Go to a few Auctions with your Agent to see what is done and how it works...

Put together a strategy to purchase

1 vote Thank Flag Link Tue Jun 2, 2009
Thanks, I hope it all goes well, let us know how the process you choose works for you. No better way for us to learn or look into new information.

Once again, Good hunting,
0 votes Thank Flag Link Tue Jun 9, 2009

Thank you for all the great resources. Best wishes to you.

0 votes Thank Flag Link Tue Jun 9, 2009
Thank you all for your quick responses to my question and being so helpful. I still gathering information and learning more about foreclosures as an option.
0 votes Thank Flag Link Fri Jun 5, 2009
Hello Window shopper,

I have helped several buyers with foreclosures. REO's is a pretty easy transaction one you have ratified. Getting to ratification is an issue. Many banks list the property below market to generate an auction mentality and sell the home within a week at market value. I have experience at public auctions and foreclosure auctions. Please follow the link for more information. on REO;s and Auctions http://lginsburg.prucalbayarea.com/page/buyingintoday039smar…

I will say Burlingame does not have many foreclosures but they do have a few.
please feel free to search properties on my website: http://www.leesellsmore.com
Lee Ginsburg -Prudential
Web Reference: http://www.leesellsmore.com
0 votes Thank Flag Link Thu Jun 4, 2009
Hey WindowShopper,

Jerel gave you great information! If you are interested, in more information and actual prices of foreclosure properties on the Peninsula, check out the website in the "Web References" box of my comment.

I am a trained and experienced REO/Foreclosure/Short-Sale Realtor.

Let me know if I can be of any service,

Brendan Aiello
(650) 403-6262
0 votes Thank Flag Link Tue Jun 2, 2009
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