I saw your question about the ReatlyTrac property on 13th Ave., S., and in an effort to quell some of the misinformation flying around out there, I thought Iâ€™d see what I could find. The only listing on 13th Ave. S which is currently bank-owned, was withdrawn in February, and the last list price was $125,000.
You should know that companies such as RealtyTrac bypass some of the MLS rules which forbid listing properties in such a misleading fashion, by choosing properties which are not currently listed on the MLS. Most likely what you would find if you signed up for RealtyTrac is that this price is the low offer bid amount, and that the bank is actually looking for something much closer to the $95,000 (based on current average sales prices) and $125,000 market value.
This is yet another example of "if it looks too good to be true, it probably is!"
I hope this helps!
It is bank own and realty trac puts out these "teaser" ads to get you to sign up with them.