Thanks for your post. RealtyTrac strikes again with their enticing notices about homes for sale in Sunnyvale at "foreclosure" pricing. Truth is, there is no home for sale on Lime right now. And, in most cases, the homes in these areas are seldom foreclosed because the owners either sell them first or redeem the home (by paying off any delinquencies).
If you want to see homes in any part of the Santa Clara County, why not check out the actual Multiple Listing Service that we--agents--use all the time. There is a public portal available at http://www.mlslistings.com. Once you select a home that you like, then work with an agent to help you purchase the property. You can hire an agent here on Trulia, or ask friends for referral, or even work with a discount agent, like me, and get up to 50 percent of the agent's commission rebated to you, tax free, at the end of the transaction. So you have lots of choices.
So check out the website, to find a great home. If you have any questions, please feel free to contact me--no obligation.
Allison James Estates & Homes
1.5% Listing and Up to 50 % Commission Rebate to Buyers
Sounds like this property is a dead end for now. But it also sounds like you might looking to hire an agent to work on your behalf. There are over 6000 agents in Santa Clara County, most handle less than 2 or 3 transactions a year. Kind of like having heart surgery with a surgeon who only does a few a year.
Sounds a bit crazy! But Buyers and Sellers do it all the time. I'd encourage you to check out some of the articles on that very topic http://getrealrealtor.com/333228 and others at http://www.GetRealRealtor.com
Take the time to learn about a few Realtors and interview a couple. Hire the best. Why not?
Then call me so we can discuss how to achieve your specific objectives.
Juliana Lee, MBA LLB
Top 3 agent nationwide at Keller Williams Realty
Over 20 years experience
Over 1,000 home sales completed in Santa Clara and San Mateo Counties
It is not for sale. If you see a listing that says Realty Trac it means the home owner is behind in payments, but that does not mean the home is for sale. The homeowner can make up the payments that are behind, go through a loan modification, or declare bankruptcy before the bank forecloses. If the homeowner does nothing, eventually the bak will foreclose and at that point they will assign the home to a real estate agent who will then list the house on the multiple listing system for market value. If this home does ever get to the point where it is foreclosed it will not be listed anywhere near this price since the market value is significantly more. the inventory is so low in Mountain View if the bank does foreclose on a home, there is no reason for them to sell it for under market value.
Keller Williams Realty Palo Alto
It is not for sale. This is a notice from realty trac indicating that this home is behind on their payments. You should speak to a real estate agent who can help you determine your needs and how best to achieve them.
Coldwell Banker - Los Altos