Keller Williams Realty
Lisa Wetzel and Jim Valentine
Certified Distressed Property Expert, CDPE
RE/MAX Realty Affiliates
1320 Hwy 395
Gardnerville, NV 89410
Keller Williams Realty
They are not "Listings", it's just data about the status of the loan or other liens. If the loan has defaulted or a notice of sale has been recorded then it shows on Realty Tract. The amount of the public record has no correlation with the Market Value, perceived value or any other value other than what the lien holder is claiming against the property.
If the Market Value of the property in question is fro example $400k then that property is going to end up on the open market at some point before it get's given away for $200k.
http://publicrecords.onlinesearches.com/Foreclosures-and-Tax ......... http://www.bid4assets.com/help/index.cfm?fuseAction=TaxSale
Are you sure the properties sold? Realty Trac is a data farming company, they do not have listings. They are not a broker or a Real Estate agent. The form partnerships with Real Estate Agents. Bonnie has a relationship with Realty Trac.
What you see on Realty Trac has nothing to do homes for sale or listings. The values or amounts or any money figure that Realty Trac shows on those properties has to do with the liens owed against the properties, it is not a Selling or Asking price.
The other Realtors are correct. RealtyTrac is a reporting service, the largest foreclosure web site in the nation. I have been representing RealtyTrac for over years in East Ventura County. These homes often become REO's that the bank will resell.
Having done this for a while, there are very rare occassions where a bank will sell prior to marketing the property to the public. They want the most money possible, like any other seller. I recommend that my clients set their criteria and their price range and look at everything in it, foreclosures, preforeclosures and regular sales. You never know who the most motivated seller is going to be.
Please contact me if I can be of more assistance to you. Take care,
RealtyTrac is not a listing service, they supply public record info to tease you into paying for more information that's really not that useful as most foreclosures are listed on the Realtor MLS sites - at market value, not the low price shown by RealtyTrac, which is nothing more than the amount(s) in default.
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