Foreclosure in Morro Bay>Question Details

Abel Miniser…, Other/Just Looking in Morro Bay, CA

How up-to-date are RealtyTrac listings on Trulia?

Asked by Abel Miniseries, Morro Bay, CA Mon Mar 30, 2009

I'm looking at one that I believe was sold several weeks ago and I don't want to register to look at it if the property is gone.

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6
Abel Ministries. First the ads by Realty Trac are not listings.

These are republication of public records of a legal action being filed on a property.

The Realty Trac ads are not offers of properties for sale but rather some agents use them and pay the fee for short sale leads. The general public can also go to these people and try to get them to sell their home for less than they owe. Most mortgage servicers do require the property to be offered for sale on the MLS as a condition of doing a short sale and I have run into lenders that will not consider a short sale unless the property is listed for 90 days.

If you are loking for forclosed or short sale properties get in touch with a local Realtor® maybe one that has the SFR designation to give you a hand.
0 votes Thank Flag Link Thu Apr 14, 2011
For a free resource it is "ok", like Zillow.com "Zestimate". For the homeowne ro potential buyer who doesn't even know where to begin, it a ballpark. But that is all it is. Found pulling recent sold compsmfrom SOLDs in subdivision much more accurate.
0 votes Thank Flag Link Thu Apr 14, 2011
RealtyTrac provides a subset of short sales that may be coming on to the market. They rely on public records and other vendors to tell whether the homeowners are behind on mortgages. Short sales can be initiated while the mortgage is still current and RealtyTrac won't be showing those until they are for sale. Short sales that are listed on MLS have much higher chance to close than you go chasing down the poor homeowners one by one.
Web Reference: http://www.archershomes.com
0 votes Thank Flag Link Wed Apr 13, 2011
Request your buyers agent for the info. or review county tax records

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com
0 votes Thank Flag Link Tue Apr 12, 2011
It could take a few weeks for them to update on all the websites. At least thats is what I have come to notice. If you have any questions on properties in Morro Bay. Feel free to give me a call. I am always happy to help.
0 votes Thank Flag Link Tue Apr 12, 2011
The bank owned assets are not always up to date because depending how how the bank sells the asset it might not be repoted. Realty Trac uses vendors to supply the data and the data comes from pubilc records. If the data is not updated timely or realty trac does not display the timely daily, the data could be old. Currently the data in waukesha county last records are from 2/7/09. However, Realty trac is a good data source and I am curently a rep in wisconsin for realty trac.

Good luck
0 votes Thank Flag Link Mon Mar 30, 2009
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