You may be interested in this property but since it is not on the market and may never be on the market, your interest is likely in vain.
This is exactly why you should engage an experienced local Realtor and a mortgage professional to help you to get the home that is right for you.
Talk to Maureen or Miguel or Robert â€“ below - or all of them. Find out if one of them is the right Realtor to help you. Perhaps Sheryl is whom you should talk to about obtaining a preapproval for the loan that you will need (assuming that you will not be paying with cash).
With record low interest rates and prices that have fallen far from the heights of just a few years ago, this is a great time to buy the house that will be your home for years to come.
There have been some good answers to your question regarding this property. It is not currently on the market, and may not come on the market. The amount that is shown on Trulia is the amount the owners are behind on their loan.
If you are looking for a home here in San Diego I would be more than happy to assist you. Feel free to call or email me.
Prudential California Realty
A Berkshire Hathaway Affiliate
Miguel Bush Tel.619-246-3605, email firstname.lastname@example.org
If a property goes to auction and there are no bidders aside from the foreclosing lender, the ownership of the property reverts to the lender. The property becomes what is called REO inventory (Real Estate Owned). The lender will usually try to liquidate the home through a local agent or a disposition company and appear on the Multiple Listing Service.
If you are seeking a home, I recommend you not focus on "foreclosure" properties. Look at all inventory available, determine your needs, and pursue the property which will allow you to accomplish your real estate goals.
As a mortgage lender, I am too familiar with the foreclosure process. If you have questions about trustee's sales or would like information on how to purchase a property with far less risk, drop me an email or give me a call.