When there is no specific address listed, the prices they show are often way off.
That could have been a second lien, or some other kind of lien, but does not indicate the market price.
Are you looking for a home in the $110,000 price range in Keller, or more like the one pictured in the $300000 range?
Here is a link to some of the lowest priced homes in the Keller area:
Let me know if you'd like to see inside any.
This appears to be 1216 Crockett Street which is a town home in Keller Town Center. This REO is already pending as of 11/20/2012. This status means that the home is under contract and waiting to close.
The Trulia information on pricing is incorrect however. These town homes sell in the upper $200's to low $300's price range.
Really, the question is are you looking for town homes, foreclosed property, or for a specific price point. There are a good number of homes available in all of these categories in the greater Keller Area. This area does sell very quickly so it is a good idea to work with an agent to develop a plan for finding and viewing homes. Please feel free to contact me directly with questions or for assistance finding homes.
Have a great day!
Keller Williams Realty
I did a search on the agent MLS and currently this is no ACTIVE listing on Crockett St. Keep an eye on the listing and I will to. Trulia posts homes that are in various stages of the foreclosure process. This particular home is a Bank/REO - meaning the bank has approved the Foreclosure from the financing position - allowing another Real Estate company to list it OR purchasing it directly from the bank. Since there is no street address, the best we can do at this point is wait for the home to be listed with a house and MLS number. Once that happens, the showing instructions will be provided and I can make an appointment to preview the home.
I expect the price of the home to increase once it is listed on the agent MLS.
The paragraph below explains the pertinent type of foreclosure that applies to this home:
Bank Owned (REO):
A property becomes a full-fledged foreclosure â€” sometimes referred to as a Real Estate Owned (REO) property â€” when it is repossessed by the foreclosing lender. The lender can take possession either through a deed-in-lieu-of foreclosure agreement with the owner during the pre-foreclosure period or through a winning bid at the public foreclosure auction. Foreclosing lenders are often motivated to sell these properties quickly because they are non-performing assets for their bottom line. Of the three stages of foreclosure, REOs are most likely to also be listed for sale with a real estate agent on the MLS, but not all REOs are listed yet â€” meaning buyers may have to contact the lender or servicer directly to make an offer.
Let's keep an eye on this one so when it does become available, you can be one of the first to preview and make an offer - if the home is pleasing to you.
Hope this information is helpful.
Lucy A. Puniwai
(214)783-6416 â€“ Cell/Text
(682)224-8050 â€“ Fax
In God We Trust
Mindy Lowry, Broker Associate