Feel free to contact me with any other questions about foreclosure properties in Central North Carolina . Peter Greijn
My son is looking for a home and loves Trulia, but he has learned to send the homes he likes to me to research. While the vast majority are valid, we have come across several that are aleady under contract or have even closed. You could be doing the same working with a Realtor.
In this instance, that would be RealtyTrac, an amateur site whose purpose is to get unsophisticated consumers to pay them for pumping information.
Often, "too good to be true" properties on Trulia are a result of simple paperwork reorganization at the courthouse, correction of errors, refinancing, etc.
RealtyTrac scrapes data and posts without analyzing it, and Trulia posts what RealtyTrac feeds them without taking responsiblilty for the information.
Unfortunately, both sites sometimes show properties as foreclosures or preforeclosures without regard to the intrusion into the privacy of homeowners who often are current on their note and in no way at risk of foreclosure.
If this house was on the market, the likely price range would be in the upper $300,000's to well over $400,000, as that is what homes in that neighborhood command on the market. $202,500? It would sell before lunch.
I believe Trulia and RealtyTrac owe the homeowners an apology.
Just like if the price seems to be too good, most likely it is not.a real listing.
IDX feed listing sites tend.to be 72hours behind Realtor listing web sites.
Trulia is sometimes a little slow in changing status on homes if the listing Agent does not go in and
do it themselves. I would be happy to send you information on homes if you tell me what you are looking for.