Property Q&A in Newark>Question Details

r_mia_17, Home Buyer in Newark, CA

i want to know everything about Truckee Ct in Newark

Asked by r_mia_17, Newark, CA Sun Jan 20, 2013

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This question was asked from this property: http://www.trulia.com/foreclosure/3090539614--Truckee-Ct-New…

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4
Guess what … if the listing has the logo for RealtyTrac ...

Then what you are seeing is NOT an actual listing … it is an advertisement for RealtyTrac.

RealtyTrac is a provider of data for distressed homes. This data is used by investors and Realtors to track distressed homes. When you see the RealtyTrac logo, you are not looking at a home that is actually available for you to buy: what you are seeing at is either (1) the notice of default for one of the mortgages on the property in question, (2) a notice of an impending trustee sale or (3) a notice of a completed trustee sale.

RealtyTrac notices can be very deceptive because they usually give loan amounts, not the purchase price or fair market value. When and if this particular property hits the market, it will be at market price for the neighborhood.

Bottom line: RealtyTrac is trying to get you to sign up for their service.

The following links may be helpful:

When Is The Price Not The Price?
http://bit.ly/p11iq

It’s Too Good To Be True: REALLY – Top 4 Buyer Myths
http://bit.ly/4PKTHT

If you want to know when these or similar properties will actually hit the market, have a Realtor set you up with an auto-feed that will alert you the moment they become active on the MLS.
0 votes Thank Flag Link Sun Jan 27, 2013
When you see the word foreclosure and no address it would be a pretty good assumption that the property is not an active listing that is currently on the market.

If you are looking for homes for sale in Newark, we agents can help you. Agents can send you listings that come to the market as soon as they are listed in the MLS.

Meena Gujral
Help-U-Sell Achievers Realt
http://www.helpusellachievers.com
510-279-9580
0 votes Thank Flag Link Wed Jan 23, 2013
All you really need to know is that it is not for sale and never will be for sale for $40,000.
The link that you provided is to a posting by RealtyTrac that is really a come-on to get you to sign up for their subscription reporting service. RealtyTrac is not a real estate company. RealtyTrac does not sell houses. RealtyTrac is a reporting service. They take information from public records about foreclosures, notices of default, lis pendens and other such filings and report them to their subscribers. Information from RealtyTrac can have value for those who understand what they are getting and how to use the information but RealtyTrac postings on Trulia.com are abbreviated versions and are misunderstood by many who think the postings are showing properties that are for sale at very low prices.

For information on how to buy a house including a bank owned property, check with a local Realtor who can explain the process and give you valuable assistance.
0 votes Thank Flag Link Sun Jan 20, 2013
Hi r_mia_17,

Well, for starters, you might be interested in knowing that Truckee Ct. is not for sale....

RealtyTrac wants you to pay a fee to obtain foreclosure status information on property which may or may not actually be for sale - this same property status information can be provided to you for FREE by most any Realtor®.

There is a process of getting to the status of an actual foreclosure for sale. See:

http://www.foreclosureradar.com/foreclosure-guides/foreclosu… (also shows the ways the foreclosure might be sold.

If you want to search for property actually for sale see:
“MLS Data Accuracy – Where to search if you’re “without Realtor®”
http://tinyurl.com/ctr4d44

If you are serious about buying a property find a Realtor® and ask that a custom automated MLS search agent be set-up to make sure you are seeing property actually for sale.

-Steve
0 votes Thank Flag Link Sun Jan 20, 2013
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