Realty Trac pulls homes that have been served Notices of Default from public records.
Most of these homes will never be for sale , and currently are not. The only thing that has happened so far is the owner was notified that they are in default on some payments. Lis Pendens (notice of Default) is just the start of a long process that MAY lead to short sale of foreclosure.
Just read the "listing" on Trulia. The company puts the following caveat on all the listings:
Realty Trac then sucks you in to pay to get a list of TRUE foreclosures and pay for them. If you are looking to purchase a foreclosure, your best bet it to contact the county sheriff office, or look on their web site (most list the sheriff sales online) and it's FREE.
Bear in mind though, that the rules for a foreclosure purchase typically need you to have 20% down at the time of winning the auction (certified check or cash), then require you to have the balance of the purchase price (cash or mortgage) within 30 days of winning the bid.
These homes, also, are usually sold in AS IS condition, and some of them you cannot even get in to preview before you bid on them at auction.
If you are looking for a home in Linden , or other towns in Union county, give me a call to discuss your options and answer any questions you might have.
Mary Petti 908-675-0167