Then what you are seeing is NOT an actual listing â€¦ 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?
Itâ€™s Too Good To Be True: REALLY â€“ 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.
If you are a cash bidder, I may be available to assist you. Reach out to me to discuss that possibility.
Based on the listing of the property on MLS, it states that this is a short sale it is already pending sale subject lender approval. I am sure the property has a trustee (foreclosure) sale date scheduled since it is a short sale, but you can not bid on the home unless it is being auctioned off that the County Courthouse Steps or if assigned to an Auction company. I hope this answers your question.
Realty World Acclaim
4695 Chabot Drive Ste 200
Pleasanton, Ca 94588
DRE # 01859274
If you have an agent you should have them call the listing agent to see if a back up offer is a possibility.
Enjoy this wonderful day!
Since this is Alameda County, you may want to attend one of the county courthouse auctions to see what is involved.
OR watch this video. Very educational
If, after watching this, you've determined this may be too risky....then please engage a realtor to help you find properties that are actually listed for sale....after you determine how much you can afford, what kind of loan you qualify for
If you don't know, your realtor can also recommend lenders who can prequalify/preapprove you if you aren't planning to pay cash when you buy property.
Hope this helps.