Property Q&A in San Ramon>Question Details

Martha Lee, Home Buyer in San Ramon, CA

Can I view this property?

Asked by Martha Lee, San Ramon, CA Thu Jan 8, 2009

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This question is about this property: http://www.trulia.com/foreclosure/2003325687--Marlboro-Way-S…

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Answers

2
Martha Lee,

Realty Trac has a habbit of putting listings on Trulia that are not on the Market yet. These are homes that are going through the last stages of foreclosure, and if it has gown back to the bank it is now an REO, and the bank hasn't put it on the market for sell yet. They are still doing the red tape paper work, to get it ready to market. You have to follow these properties, to see when they really go on the market. It's a process, and you have to be patient, to say the least.

If you need help in following this property, I can help you. Just let me know, and I'll go to work for you.

Happy New Year Martha, and a Great Day.

Jerry Flynn
Old West Realty Inc.
Danville, Ca.
925-820-6550
oldwestinc@yahoo.com
http://housebiz.ca
0 votes Thank Flag Link Sat Jan 10, 2009
Martha:

What you are seeing is not a real price – this is a RealtyTrac Notice of Default and it is the value of a loan that is defaulting on this home - probably the first loan. The homewill not sell for the amount shown - the last comparable sale on Marlboro was at $686,000.00.

Many RealtyTrac notices such as this one are VERY misleading. They are trying to get you to subscribe to their service. As you will notice, no address is given.

For a better understanding of RealtyTrac pricing, see the link below:

http://www.trulia.com/blog/carl_medford/2008/12/when_is_the_…

Hope this helps.
Web Reference: http://www.carlmedford.com
0 votes Thank Flag Link Thu Jan 8, 2009
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