Property Q&A in Pleasanton>Question Details

Liz Zeman, Real Estate Pro in Chapel Hill, NC

how can I tell if a sale was a short sale, or a foreclosure?

Asked by Liz Zeman, Chapel Hill, NC Tue May 5, 2009

This question is about this property:…

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Hi Liz,

1877 Via Di Salerno was a Bank Owned sale. (foreclosure)
It closed on 3/27/09 and was on the market for 14 days.
The sale price was $1,800,000.

Hope that helps!
3 votes Thank Flag Link Tue May 5, 2009
Having all kinds of information on the internet sites is wonderful --- the problem is, a lot of it is incomplete and doesn't tell what the late Paul Harvey says is "the rest of the story."

So it's good that you can find property that interests the next step is to engage a realtor if you don't already have one to give you the background info.

More importantly, if you have specific requirements either as a buyer or a seller, your realtor can research properties that meet your needs as a buyer, and for comparable sales for your info as a seller. The realtor can tell you which were short sales, foreclosures, or regular sales.

Knowing and seeing the power of getting information online, the realtor you choose must employ and harness the power of the internet by using all kinds of online marketing in addition to the traditional marketing strategies. Just putting a listing on the MLS doesn't cut it any more since the local MLS boards have certain data/field restrictions. Whereas by posting electronic flyers like Postlets and Vflyers, and creating visual tours you can post on YouTube, and blogging about it on sites like Trulia, Zillow and Active Rain, you can reach a vast market.

Good luck!
0 votes Thank Flag Link Wed May 6, 2009
Really, the best way to find out about sold properties is to have a Realtor help you. We have access to a database that gives us all of that information. For current listings, sites like Trulia, etc. are not generally up to date so if you want the most current property information you can look on our site You can sign up for alerts and you can specifically search for foreclosures if that's what you're looking for.

I would be happy to help you search or provide you with a complimentary analysis of your current home.


Erica Jones Starkey
Broker, Co-Founder
JSCA Real Estate Group
Providing Superior Solutions for Your Individual Real Estate Needs
office: 925.989.1613
fax: 925.905.2417
Web Reference:
0 votes Thank Flag Link Tue May 5, 2009

The sale on 11/06/08 was a trustee sale where the bank bought the property from the trustee. It then went on the market as an REO and sold as a foreclosed home on 03/25/2009.
Web Reference:
0 votes Thank Flag Link Tue May 5, 2009
Liz -

That property was bank owned and was on the MLS. It was a great location, with golf course views.

Feel free to check out for more information on Ruby Hill.

Doug Buenz
Web Reference:
0 votes Thank Flag Link Tue May 5, 2009
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