I am an agent and I have listed the house at 601 Hillgirt Circle. The house will becoming on to the market in about 10 days. Please contact me if I can be of further help. Anne Feste, The Grubb Co., 510-339-0400 x371, DRE 01265201.

The thing is I believe RealtyTrac is showing the correct information. I think these properties went to REO.

On Hillgirt there was about $800K in loans on it when a sale took place for $250K 1 day before the foreclosure was complete. Something funky is going on with this one. A search on the county clerk site shows tons of deed of trusts associated with the previous owner Ronald and Pamela Thompson. Must be real estate peeps. Maybe a builder.

On McKinley why doesn't this property show up as listed on trulia? Why isn't there a sign in the yard? Can someone check out the listing? Are listing realtors hoarding REOs for their clients? If so who are these realtors?

I'm going to check a few more properties listed as REO in my neighborhood. There are a bunch showing up between haddon and just a little east of park.

Yesterday I responded to another of your posts regarding Realty Trac. This is one more incident of proof for me personally that their information is outdated. One of my clients was using their services and was highly frustrated that these properties weren't showing up on the MLS. Well they weren't showing up because they had been sold before he signed up for their service.

I am agreeing with the other 2 posters that you should have oyur REALTOR check this infor out for you. If you see a property, have them do the research for you. For my clients, I am always on the lookout for properties that are about to be released on the MLS. (Alot of times agents will put their signs in the yard before they are able to list them) This way my clients and I can do our due diligence BEFORE it goes on the market and be better prepared to submit an offer the second it is available to do so.
Please use Realty Trac sparingly.
Use the resources of your agent to find these properties for you.

All my best,
Micki

I agree with Pacita. Your agent should be able to look up all this information even though it does not show up on the MLS database. All they need to do is make some phone calls and they should have the answer. I've personally spent hours on the phone trying to figure out properties listed on Zillow and Zip Realty. Both sites show properties that are either no longer for sale due to a number of reasons.

Kamal Randhawa
Broker
510-932-1066

RealtyTrac, as has been discussed numerous times, pulls info from whatever was filed at the County Records for properties that are in default, about to be auctioned, or just foreclosed.

Some of these properties may indeed be auctioned at a trustee sale at the county courthouse, while some may be postponed while the property owners seek to find ways to stop the foreclosure.

If no one successfully buys the property at the county courthouse steps, then the ownership will revert to the bank/lender. it may take another 2 month or so before the banks' selected REO agents activate the listings for sale.

601 Hillgirt was sold last January 2009 for $250K. it wasn't that that long for it to be foreclosed because if there was a loan, and they defaulted, it could take upwards of 3-4 months for the notice of default, another 3-4 months for trustee sale, and another 2 months for the bank to list it.

Maybe it's simply taking this long for the new owners to evict the previous residents.

877 McKinley WAS offered for sale at $710,900, but is it now pending since June 23. Wells Fargo had foreclosed on this back in November, for $722,500. it had been owned by the same family since 1997 until it was foreclosed after several refinances.

This kind of info, your agent can also provide. Just ask.

Good luck!