Beverly, Home Buyer in Urioste

What is full amount for this home? Why is property 0 sq ft, 0 bd, 0 br, etc?

Asked by Beverly, Urioste Mon Dec 15, 2008

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Hello Beverly:
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 I’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 S which is currently bank-owned, was withdrawn in February, and the last list price was $125,000.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!
1 vote Thank Flag Link Tue Dec 16, 2008
I can not find this property in the MLS, so most likely it is not listed by a local realtor and only Realtytrac has the info on it.
It is bank own and realty trac puts out these "teaser" ads to get you to sign up with them.
Anne Hensel
Web Reference:
0 votes Thank Flag Link Tue Dec 16, 2008
Realty trac picks up legal notices of foreclosures accross the usa to com0pile info in hopes you will pay them for it. The infomration is often incomplete such as this. To make things worse other sites pick up realty tracs feed such as trulia and pass on the incomplete information. Your best bet is to check with your local tax office to see if they are up to date with the new owner or the best way is to always drive to the property and take the name and number from the emergency contact the bank will post at the property to find out who will be selling it. good luck with getting the info you seek.
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0 votes Thank Flag Link Mon Dec 15, 2008
RealtyTrac never discloses these details,as they are a for-profit service & they want you to register & pay. I suggest contacting an agent who can get this info for you FOR FREE!
0 votes Thank Flag Link Mon Dec 15, 2008
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