Property Q&A in Palo Alto>Question Details

martin, Home Buyer in Palo Alto, CA

Is this a single-family home or a condo? If SFH, could you indicate year of construction, surface and lot size?

Asked by martin, Palo Alto, CA Sat Jan 26, 2013

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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 Mon Jan 28, 2013
There were quite a few houses built on Poplar Ave around 1964 and again around 1977. Most of the lots are slightly over 6,000 sf.

Searching by zip 94303 can be frustrating. It will include East Palo Alto and a lot of Palo Alto. Poplar Ave is in East Palo Alto.

Juliana Lee, MBA LLB
Cell 650-857-1000
Top 3 agent nationwide at Keller Williams Realty

Over 20 years experience
Over 1,000 home sales completed in Santa Clara and San Mateo counties
Web Reference:
0 votes Thank Flag Link Mon Jan 28, 2013

As usual, my most astute pal, Marcy Moyer is spot on this time again with important news that this property is located in East Palo Alto and not Palo Alto proper. As a result, it's comparables and value will be based on East PA homes and not the same homes in Palo Alto. Working with a great Realtor who knows this type of local information is key to purchasing a great home in any area.

Work with a Realtor like Marcy...or better yet, work with Marcy, and you can be assured of making good investments in local real estate!

Good luck!
Grace Morioka
Allison James Estates and Homes
0 votes Thank Flag Link Sun Jan 27, 2013
What was said below is true, but what is not true is that the home is in Palo Alto. It is actually in East Palo Alto which shares a zip code with part of Palo Alto but is a different city, county, government, school district, etc. The bank will most likely put the home on MLS once they have evicted the former residents.

Marcy Moyer
Keller Williams Realty
DRE 01191194
0 votes Thank Flag Link Sat Jan 26, 2013
Hi Martin,

What Terri Said is right. It is a Realty Track notification to get you to sign up for their service. I just checked, and there is no property available on Poplar avenue currently. If you are looking for a single family home near Palo Alto or distressed properties, I can help you find one. I am a real estate broker/attorney and specialize in Palo Alto and surrounding areas.
Web Reference:
0 votes Thank Flag Link Sat Jan 26, 2013
This is a Realty Track notification to get you to sign up for their service. It is not a listing for sale. If you are not working with a Buyer Broker to help you navigate the real estate market, I suggest you interview and find one who will save you time, money and frustration.

As stated in the link:
( Poplar Ave Bank Repossessed. This property has completed the foreclosure process and is now owned by the foreclosing lender, which took title to the property for an estimated consideration (loan balance plus other fees and costs). Foreclosing lenders are often motivated to sell bank-owned properties (also known as REO, or Real Estate Owned) quickly because they are non-performing assets. Please register for a free trial with RealtyTrac to access complete information for this property, including full address, foreclosure details, lender information, and more. )

Have an amazing day!
Web Reference:
0 votes Thank Flag Link Sat Jan 26, 2013
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