Property Q&A in Santee>Question Details

Sidney, Home Buyer in Santee, CA

How can you tell if a home is a foreclosure or not? I am interested in this

Asked by Sidney, Santee, CA Tue Mar 18, 2008

home:
http://www.trulia.com/property/39834153-10042-Wycliffe-St-Sa…
but wonder why the sellers are exempt from disclosures, buyer to verify all, and sold as is... any opinions?

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Answers

4
Sidney,
Pam is correct that a call to the listing agent will provide you the info you want. I suggest that you only gather the infor you need via phone or internet. If you want to visit the property, have a buyer represntative assist you.
0 votes Thank Flag Link Tue Mar 18, 2008
Deborah Madey, Real Estate Pro in Red Bank, NJ
MVP'08
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go to the county clerk/courthouse. foreclosure is all about court. go there its free and its public info.
some can be found online
0 votes Thank Flag Link Tue Mar 18, 2008
Sidney....

A quick call to the listing agent or the listing office and they can tell you if the property is in foreclosure or has been forclosed or a Real Estate Owned proeprty REO.

The sellers are obligated to provide a transfer disclosure statement unless it is a bank owned propery. In any even they always want to sell them "as is". Many times the bank will consider a credit for repairs. Good luck.
0 votes Thank Flag Link Tue Mar 18, 2008
Pam Winterba…, Real Estate Pro in San Ramon, CA
MVP'08
Contact
I took a quick look at the sales history. There is no statement in the listing on the public site of Trulia or Prudential that identifies this as a bank owned property. There are some clues that indicate it mgiht be, though. There was a title transfer in 2005 for 605K, a title transfer in November 2007 for 490K and it is now listed for 445K.

You need a local CA Realtor to check out the details and provide you accurate info.

The title transfer in Nov 2007 may have been a transfer to the bank as the finalized foreclsoure. I state may have been; I do not know.

The listing agent has it priced lower than that, at 445K.

Lenders do not have information for disclsoures because they did not live in the properties. If this is now an REO property, yes, it would be sold as is with the responsbility for alll on the shoulders of the buyer.

The price is 150K less than it was sold for in 2005. A local CA Realtor can tell you if that is a good price or not.
0 votes Thank Flag Link Tue Mar 18, 2008
Deborah Madey, Real Estate Pro in Red Bank, NJ
MVP'08
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