Property Q&A in Livermore>Question Details

Rrchrisxx, Home Buyer in Livermore, CA

Still for sale?

Asked by Rrchrisxx, Livermore, CA Mon May 28, 2012

Pictures? I assume case only?

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This question is about this property: http://www.trulia.com/foreclosure/3080462101--Murrieta-Blvd-…

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Answers

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What you have seen on Trulia is a notice of default or foreclosure posted by Realty Trac which is a reporting service. Realty Trac takes information from public records and provides it by subscription to its members who have registered and agreed to pay a fee for the information. What you see on Trulia is an abbreviated report from Realty Trac in order to entice you to sign up for their service.

It is unlikely that you will be able to buy this property for the price posted on Trulia. That is the amount of a default and has no relationship to the value of the property. The house may be offered for sale at a later date but it will most likely be listed with a Realtor and priced at a price that reflects the market price for the area.

If you are serious about buying a house, you need to align yourself with a full-time, experienced local Realtor who can help you to find the house that meets your needs. Your Realtor can help you to learn about the current market conditions, realistic house prices, loan qualifications, negotiating strategy, escrow management, inspections and everything else that goes into the purchase of a home.
0 votes Thank Flag Link Mon May 28, 2012
This one has been issued a Notice of Default (NOD) That means the bank has issued an ultimatum to the property owner to resolve the delinquency or the bank will foreclose.

Not all properties who receive NOD foreclose. Some of them may be offered for sale a short sale. Others may be successful in getting a loan modification. Others may be able to come up with the money to catch up.

Also note that the amount of delinquency that is shown as on this site is NOT the same price the property will sell for if it comes up for sale. I know it's exciting to see these prices -- but they're the amounts that the owners are delinquent on, not the price or value of the property

If you are interested in buying property in the area, you are best served by engaging a realtor to help you find property within your budget range.

If you're a daredevil, you may even want to consider bidding during the auction at the county courthouse steps. Just make sure you know the pitfalls in buying property at an auction.

Good luck.
0 votes Thank Flag Link Mon May 28, 2012
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