Me, Other/Just Looking in Outside U.S.

If there is a price listed for a foreclosure status house, why should I care about the loan balance? Thanks

Asked by Me, Outside U.S. Sat Feb 14, 2009

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$29,967 is the loan balance,not the asking price of the property. Realty Trac is not a listing site. They publish notices of default & foreclosure they pull from the public records. This house is not yet on the market. When foreclosure is complete,it will be listed on the MLS at fair market value based on comparables with other homes in the area.
0 votes Thank Flag Link Sat Feb 14, 2009
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