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? Cash only?

This question is about this property:…

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You have posted several similar questions about properties that have been posted by Realty Trac. Realty Trac is a service that reports on legal filings. It does not list houses that are for sale such as would be listed by a Realtor. I suggest that you engage a Realtor to find out the facts about how the process works. Your Realtor can help to find a property that meets your criteria.
0 votes Thank Flag Link Mon May 28, 2012
if you'll read the information on the link you provided, it clearly states

A property becomes a full-fledged foreclosure — sometimes referred to as a Real Estate Owned (REO) property — 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 — meaning buyers may have to contact the lender or servicer directly to make an offer.

This isn't listed for sale can wait, or ask a realtor to help you find properties that are actively offered for sale. Just don't be surprised if you find that similar properties aren't listed at the price you're seeing here.
0 votes Thank Flag Link Mon May 28, 2012
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