Look at the posting for that home again and find the logo for Realty Trac (black and red). Most times when you see that logo on any listing it means the price you see is NOT a sale price, and the home is probably not for sale as of yet. It is just a posting of what the Bank/Lender had to pay the courts to document regaining custody of the home when they foreclosed on it (transfer value); and/or an announcement that the foreclosure process has just begun (Lis Pendens). Next that Bank/Lender will take several months to put the property on the market at "Market Value for the specific community" and it will be listed/advertised as a Foreclosure or an REO. Was this answer helpful? If so please click on the "thumbs up" above.
Bottom line, if you want the most accurate up to date information on real estate consult a Realtor
Michael D. Bellamy, P.A.,
REALTORÂ®, NHSE, SFR, BPOR, CDPE
Charles Rutenberg Realty, Inc
Search the MLS: http://www.michaelbellamy.net
Know Your Options: http://www.shortsalemyhome.info
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