why are the foreclosed properties listed with a price of $5,000 and there is no picture?

Ym
Home Buyer
Warwick, RI

foreclosed properties

Answers (2)
First to answer: Dunes
Tonya Peluso
Agent
Cranston, RI

What you are seeing are the properties that are coming up for foreclosure and the $5,000 is the minimum deposit amount that is required at the time of bidding on the property. Are you looking for homes that are bank owned in a specific area? I would be happy to help. There are a lot of great homes to choose from!!

Fri Aug 28 2009, 16:38
Dunes
Both Buyer and Seller
Benton County, OR
FIRST ANSWER

Ym,

Are you asking about foreclosures you've seen here at Trulia?

This is where the foreclosures come from according to Trulia.
Trulia FAQ's
Trulia Help Center > Overview > Partners >
Where do you get your foreclosure information?

All foreclosure listings are provided by RealtyTrac and display basic foreclosure information. In order to view full foreclosure details, users must register with RealtyTrac. RealtyTrac offers a 7 day free trial, but charges a subscription fee after the initial trial period. For more details please visit our Foreclosure Center.

My opinion..Realty Trac produces a bunch if inaccurate info.

If you are just interested in browsing through Foreclosures or Tax sales maybe this will be helpful.

The Banks and the Gov. have created sites to provide the public with access to their properties for sale listings..(REO/Foreclosures) and information on the Bid/Purchase process.



Sites like.... http://www.wamuproperties.com/ .... http://www.hud.gov/homes/index.cfm

https://www.citimortgage.com/Mortgage/Oreo/SearchListing.do ... http://www.homepath.com/

The links to these Bank and Gov. sites can be found here.... http://www.mortgagenewsdaily.com/wiki/REO_Database_List.asp http://www.biggerpockets.com/bank-reo.html

If it's Tax sales you're interested in then you may find this search engine useful...
http://publicrecords.onlinesearches.com/Foreclosures-and-Tax…

Good hunting, Dunes

Wed Aug 26 2009, 18:09

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