Property Q&A in Oldsmar>Question Details

Peterwang264, Home Buyer in 33635

what is address,how much HOA?

Asked by Peterwang264, 33635 Wed Jan 30, 2013

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Hi Peter,

I think I probably answer this question at least once a week. Realty Trac can be very misleading. The problem with many "foreclosure sites", especially the "free" section is they determine a "foreclosure" as any property with a lis pendem (lien) filed. First foreclosure is a process, the lender's process of taking back a property. The first step is filing a lis pendem, but the process can take anywhere from 90 days to 3 years....and not all end in foreclosure.

The reason there is no address is that it is not listed at this time. When there is no MLS # you know Realty Trac is saying there is a property in the neighborhood with a lien filed, but it's not on the market at this time, because the lender does not own it yet.

I feel an informed client makes the best decisions regarding their real estate needs. Let me know if I can be of assistance.


Pam Cohn
Broker Associate, GRI, SFR, NHS
Real Estate Consulting, Marketing & Sales
Prudential Tropical Realty
2539 Countryside Blvd #3 Clearwater, FL 33761
0 votes Thank Flag Link Wed Jan 30, 2013
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