Property Q&A in Santa Rosa>Question Details

taiman, Home Buyer in Santa Rosa, CA

Why has this house been on the market for 6 months and viewed over 400 times and still not been purchased?

Asked by taiman, Santa Rosa, CA Sat Oct 27, 2012

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This question was asked from this property: http://www.trulia.com/foreclosure/3048072193--Montebello-Dr-…

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This is 695 Montebello, which includes a lovely home that was foreclosed on and taken back by the bank in Feb 2011. The loss of a gorgeous 4000sf home is no doubt very sad to the former owner.

The bank listed it for sale on the MLS for 5 months at $674,900, required all offers to be cash, and had multiple offers. Considering the listing expired, and the owner is still the Bank of New York Mellon, I would speculate that the owners are in a lawsuit over it with the bank.

Anyway, just because trulia has viewings doesn't mean the house is actually for sale, or can be purchased. There are far too many caveats in real estate these days. If you have any other questions about any property in california, don't hesitate to ask. cj cjholmes@cjholmes.com
Web Reference: http://www.cjholmes.com
0 votes Thank Flag Link Sun Oct 28, 2012
There is no listing in the local MLS (BAREIS) for this property, it's being advertised by the bank - maybe. As Steve said, RealtyTrac seems to link a lot of properties onto Trulia that are either locked into being auctioned or are no longer available. There is no listing agent or bank representative contact information in the Trulia/RealtyTrac information, which in my experience means the bank probably gave the listing to an agent and the listings has expired.
0 votes Thank Flag Link Sun Oct 28, 2012
Hi Taiman,

Property listings from RealtyTrac are more than seldom inaccurate.

I believe the "listing" is 695 MONTEBELLO DR, which has no dwelling but simply appears to be a 43,094 SF Lot that reverted back to the Bank on 3/11/11.

RT advertises "foreclosure listings" on Trulia and their primary objective is to separate you from your $$$ in exchange for providing information most any Realtor® can provide you for FREE!

Please see the blog post below to understand why you have been "RealtyTracked".

MLS Data Accuracy – Where to search if you’re “without Realtor®”
http://www.trulia.com/blog/steve_ornellas_mba_re_mastersgri/…

As far as having the most up to date listing information for ACTIVE listings please team with a local Realtor® who can set you up with an automated search specifically targeting AVAILABLE properties you can afford.

Are you really ready to buy? See http://www.Steven-Anthony.com/GettingStarted to find out.

-Steve
0 votes Thank Flag Link Sun Oct 28, 2012
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