Property Q&A in Chevy Chase>Question Details

Chrisy, Home Buyer in Kensington, MD

Is this property still on the market, because I cant seem to find it, and if so can i get some more information?

Asked by Chrisy, Kensington, MD Thu Jan 31, 2013

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This question was asked from this property: http://www.trulia.com/foreclosure/3100072858--Shepherd-St-Ch…

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Answers

4
Chrisy - Trulia, Zillow and other sites post these on their sites knowing full well that they are not available for sale. They do this to increase visitors and sell online ads -- not to give you useful information.

In this case, the homeowner did not make mortgage payments are required by their loan, so the bank has given a "Notice of Default". This the first step of the foreclosure process that allows the bank to take ownership of the property. Here's a summary of the overall process:
http://mocorealestate.com/foreclosures/

If a homeowner actually wants to sell their property, they will put it on the market.

Good luck - hope this helps.
1 vote Thank Flag Link Thu Jan 31, 2013
Hi Chrisy,

I get so very frustrated with Realtytrac. It is not a source of available listings yet Trulia links to it as such. Properties show up on here when there is some kind of default registered like the owner being behind on his/her mortgage payments. In fact that property likely won't ever go to foreclosure, but if it does it could be 6 - 18 months from the date of the default.

You can search real foreclosures and short sale on our website at http://www.fortmeadeareahomes.com.
1 vote Thank Flag Link Thu Jan 31, 2013
Great answer -- would have given this a 'thumbs up' instead of making my comment.
Flag Thu Jan 31, 2013
Sorry that property is no longer available, I work with a group of investors who find lots of bargain properties, like this all the time. If you are very serious, we ask for $1,000.00 or $2,000.00 non-refundable deposit to secure property, and it can be Cash, Hard Money, or Private Money, before you purchase the property. I’ll give you the 1st look at the next property or properties that come available. I would be glad to put your name and email address on my buyers list. Would that be alright with you?

Thanks!
Wanda Doyle
0 votes Thank Flag Link Mon Feb 4, 2013
Hi Chrisy,

This home is not listed yet because it is in pre-foreclosure, which really means nothing since the buyer may have just missed a couple of payments. Realtytrac, the website where you see the property, uses data to get customers to sign up for their services. Realtors are the only source for real-time active listings. I actually specialize in foreclosures and short sales, so if you would like my help, just let me know.
Christine
0 votes Thank Flag Link Thu Jan 31, 2013
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