Home Buying in 33559>Question Details

A.j, Home Buyer in USA, Mobile, AL

Are these foreclosure listings on Trulia for real( the owns who just say foreclosure and show only a googlearth aerial view.please can u explain that

Asked by A.j, USA, Mobile, AL Sun Mar 18, 2012

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6
Michael Cheng’s answer
Trulia lists homes that are in the process of foreclosure. These are not homes necessarily listed for sale. It can get confusing when some sites and agents refer to foreclosed bank-owned properties as foreclosure properties. Usually, these lists of homes in foreclosure are useful for certain investors who try to make offers directly to homeowners without a current listing.
Web Reference: http://www.archershomes.com
2 votes Thank Flag Link Mon Mar 19, 2012
Welcome to the world of Realty Trac. They may not be currently listed but are homes in various stages of foreclsoure. Some may be but most are not listed for sale. It is basically a way for you to pay them to join their service to find out more info.. ..
1 vote Thank Flag Link Mon Mar 19, 2012
If looking at RealtyTrac ads, keep in mind that RealtyTrac's information may not always be accurate and oftentimes can be misleading--you could be looking at a lis pendens property--notice of default--some of those properties may not be for sale yet, and some may never be, if the default is satisfied by the owner. If you are interested in foreclosures, work with an agent, as most properties end up being listed by a broker--he/she will have access to reliable information--also don't overlook traditional sales as some may turn out to be a much better bargain than some of the foreclosure properties.
0 votes Thank Flag Link Mon Mar 19, 2012
Many are not actually for sale yet.

If you have ALL CASH you can go to the Hillsborough County Courthouse and "bid" on foreclosures. You will not get a clear title and may have other liens still attaching after closing. Also you may have to remove the owners from the house and pay an attorney to do this legally.

Otherwise you will have to pay closer to "retail" prices and line up with the multitude of other bargain hunters. Banks don't sell directly to individual buyers (unless you're buying a multimillion dollar portfolio of homes) so you will have to wait until the property is listed on the Realtor MLS system before you can bid.

Your Realtor can give you automatic updates of properties that fit your criteria. If you're not yet working with a Realtor, you're welcome to sign up for a free ListingBook account and you will get notified of new properties that fit what you're looking for. http://www.SoldOnTampa.com

All the best,
Alma
Alma Rose Kee PA
Future Home Realty
813.244.9898
0 votes Thank Flag Link Mon Mar 19, 2012
You should call a Realtor. We can send you true foreclosures that are on the market for sale. If you see anything that looks too good to be trues it usually is. If you see listings from realty trac don't fall for their scam. They put properties out that are not for sale and show very low prices. They do not give the address because they want you to buy their service. Don't fall for it.

Best of luck,
Nancy
0 votes Thank Flag Link Mon Mar 19, 2012
some are but most are not updated. call a realtor. there are many short sales and bank owns available.
0 votes Thank Flag Link Mon Mar 19, 2012
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