A property can go to Auction, however that does not conclude the transaction. Expert advice is always recommended. As with Short Sales, third party approval is required, and pending other liens either Junior or subordinate can muddy the waters.... more
Trulia is likely pulling public data on a foreclosure which states the amount of the outstanding loan amount with the lender who filed suit. Note: The total liens may be higher. BTW, Zillow does the same thing. Many foreclosures that appear on Zillow are not list price, but the amount reflected in the legal complaint for foreclosure.
So, in the instance you quote...it is possible...as it happens often The house if for sale at 987K, and the agent representing the property edited the listings on Zillow to reflect the asking price. That agent may not be working with Trulia. While it might be a good idea if they did, they have no obligation to do so. There are several instances where agents work with Trulia and not Zillow, so one might easily find the reverse results as to what you found.
I am unable to attest to the above as factual for the property you speak of since I have no property details. The situation I describe, however, is quite common.
Your best source of accurate up-to-the-minute data will come from an agent working with you as a buyer agent and your representative. They will cut through all the conflicting info and get you valid info. Trulia a great starting point and offers some great resources for early stage searching. When you advance past that initial stage, find a qualified and committed REALTOR to assist you.... more
This is an older question however a great one worth answering none the less. The answer is YES! Every State has different laws pertaining to foreclosure , time frames and appeals however there are very specific laws that even at this late stage-an evictiion notice can stop the procedure and allow the home owner more time. Obviously it depends on a variety of issues however I specialize in this exact type of Real Estate in NJ and would be happy to answer any questions and send you an out line of time frames, appeals etc. and the law as it pertains in NJ.
Terrie O'Connor Realtors