Home Buying in Placentia>Question Details

Hal Schlegel, Real Estate Pro in Orange, CA

The MLS shows this listing priced at $269,000.. why is this advertisement reflecting $189,000?

Asked by Hal Schlegel, Orange, CA Tue Nov 12, 2013

Help the community by answering this question:

Answers

5
You're probably seeing a SCAM ad, on Craigslist.

Scammers from Nigeria often copy existing legitimate listings, including photos from the MLS, and then price them considerably lower than the real listing.

This usually happen only with leases, and with vacant properties.

OR, you're seeing a pre-foreclosure listing, which only includes one of the loans on the property.

If THAT's the case, you might be able to buy the property as a short sale, but it probably won't sell as low as the price you've seen - that may just be a teaser.

Lastly, if it's a real foreclosure ad, you would have to show up at the property auction, and be prepared to pay cash, against 5 to 15 other bidders, who are experts at that sort of thing.

In ALL the scenarios above, you're either going to lose some money to scammers, OR, end up paying a lot more than the list price you're seeing.
0 votes Thank Flag Link Tue Nov 12, 2013
no, it has your information on it... directing to the Century 21 office/agent
if you go in Zillow and pull up your Orchard listing -- you will see it...
Flag Tue Nov 12, 2013
Need more I formation about what property you are talking about. Only one at $269,000

Ingrid Ski Realtor
949-874-0432
OCAreaHomes@gmail.com
0 votes Thank Flag Link Tue Nov 12, 2013
Are you looking at a home with a mortgage in default? Trulia posts default numbers that maybe what you were looking at. Sometimes a million dollar home has a default on a smaller loan (2nd or 3rd) and that really makes it confusing. I am in Brea/Placentia if you have other questions.
0 votes Thank Flag Link Tue Nov 12, 2013
There is only one property in Placentia listed for $269,000 - What advertisement are you referring to ?
0 votes Thank Flag Link Tue Nov 12, 2013
Halschiegel,

Do you have an MLS number or address?

Thanks,

Joe Homs, Realtor
949-625-4533
Web Reference: http://thehomsteam.com
0 votes Thank Flag Link Tue Nov 12, 2013
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer