Property Q&A in Ardenwood>Question Details

gracie_yue, Home Buyer in Fremont, CA

Could you tell me whether or not this property is available?

Asked by gracie_yue, Fremont, CA Mon Aug 27, 2012

Why there is no number for this property

This question is about this property:…

Help the community by answering this question:


Guess what … if the listing has the logo for RealtyTrac ...

Then what you are seeing is NOT an actual listing … it is an advertisement for RealtyTrac.

RealtyTrac is a provider of data for distressed homes. This data is used by investors and Realtors to track distressed homes. When you see the RealtyTrac logo, you are not looking at a home that is actually available for you to buy: what you are seeing at is either (1) the notice of default for one of the mortgages on the property in question, (2) a notice of an impending trustee sale or (3) a notice of a completed trustee sale.

RealtyTrac notices can be very deceptive because they usually give loan amounts, not the purchase price or fair market value. When and if this particular property hits the market, it will be at market price for the neighborhood.

Bottom line: RealtyTrac is trying to get you to sign up for their service.

The following links may be helpful:

When Is The Price Not The Price?

It’s Too Good To Be True: REALLY – Top 4 Buyer Myths

If you want to know when these or similar properties will actually hit the market, have a Realtor set you up with an auto-feed that will alert you the moment they become active on the MLS.
0 votes Thank Flag Link Tue Aug 28, 2012
Hi Gracie,

I'm sure you have your answer by now, as Steve and the other mentioned - it's an ad. It may or may not come on the market depending on what the current owner does.

However, I thought you might like to know the (real) value of that type of home;
Currently pending on Macbeth: 4 - 2 (same home) listed at $549,000. Sold in 7 days
Currently pending on Capulet: 4 - 2 (same) listed at $599,000 {really fixed up}

Good luck and we all would be happy to work with you as we all know the benefits with working with a Realtor.

~ Brian
0 votes Thank Flag Link Mon Aug 27, 2012
Hi Gracie,

Do you feel like you are "getting the run-around"? You are definitely not the first person and you won’t be the last. You see, RealtyTrac's primary objective is to separate you from your money in exchange for providing information most any Realtor® can provide you for FREE.

Most distressed property is sold via Realtor® websites! Please see the blog post below to start off on the right foot and stop "getting the run-around"!

MLS Data Accuracy – Where to search if you’re “without Realtor®”…

0 votes Thank Flag Link Mon Aug 27, 2012
Hi Gracie, this ad appears to be actually for a mortgage company and not a house...If you click on the link it takes you to a mortgage should ask your realtor to send you a list of homes that are available they will gladly do that at no charge....Dawn
0 votes Thank Flag Link Mon Aug 27, 2012
No. It is not currently available. The reason it shows up at all is that RealtyTrac wants your subscription to their service, which is mainly useful to real estate investors. The text under the picture states that it has been taken back by the bank. Until they choose to list it on the MLS, it will remain unavailable.

To avoid spending time chasing properties that are not actually for sale, work with a Realtor. It will not cost you anything extra, since the seller generally pays the commissions, and closing costs are closing costs, whether you work with a Realtor or not. However, it could save you many headaches. We have access to the MLS and other resources to help you find what you are looking for. Because we are active in the market, we know what it takes to make it all work. We can be an experienced team member on your side in negotiations, which can be tough in today's market.
0 votes Thank Flag Link Mon Aug 27, 2012
Hi Gracie,

This property has been foreclosed, but it is not on the market yet. That is why you are not seeing a full address. It could take several months to be listed with an agent.
If you are looking for a home in Ardenwood, you should find an agent who can find you the home that best meets your needs and budget.

Meena Gujral
Achievers Realty
0 votes Thank Flag Link Mon Aug 27, 2012
This is a notice of foreclosure. The home is not listed for sale in the regions MLS. This is a notice filed by the lender. This is a great time to purchase a home with the low interest rates and bargain home prices. If you want to search for foreclosure listings that are listed for sale try visiting the site below.

The Kruschke Team
0 votes Thank Flag Link Mon Aug 27, 2012
Hey Gracie (my daughter's name),

That's a great question. Because it's a specific question about a property, I'd recommend working with an agent. To find an expert agent in the area, just click on the yellow button on the property's listing.

Let me know if you have any questions or if I can help with anything else. I am happy to be a resource.

0 votes Thank Flag Link Mon Aug 27, 2012
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