Foreclosure in Washington>Question Details

Jeanie, Home Buyer in Brea, CA

im looking into foreclosed homes, the listed price is the loan left on the home. is tha the asking price?

Asked by Jeanie, Brea, CA Mon Feb 4, 2008

Help the community by answering this question:


Debbie - This is not a place to beg people to call so that you can scrounge for business but rather a place to help build the real estate community and help answer other people's questions. It's also a great area to learn some useful information yourself. Debbie, with you being new to the website we can give you some forgiveness...but be careful.

Jeanie - Really...all you need to do is look at the tax records to get the answers that you are asking here. These are public information or you can contact a realtor in your area to dig into them with you. Be careful with foreclosures though as there are difficult to get and can often carry bad karma along with them. Also...financing is always a trick. However, if you are wise they can be really good investments!

As Debbie alluded to though, pre-foreclosures and short sales are sometimes your safest, really good investments as long as you take your time. The best way to do this is to work with a realtor from your area..maybe even one who really specializes in this!

Hope that helps...good luck on finding a smart investment!
Web Reference:
2 votes Thank Flag Link Mon Feb 4, 2008
Your question is a little confusing.

The "Listed Price" is the "asking price".

However, neither is necessarily the amount left on the loan.

You'd have to ask for a Payoff Balance from the Bank, to get the true amount due.
But, to get an idea, your Real Estate Agent can pull Tax Records to find out what
their loans were/are. This information may not be up-to-date, but it is a gauge.

The best bet, is always to have a Real Estate Agent working on YOUR side!!!

Good Luck . . .
0 votes Thank Flag Link Fri Mar 13, 2009

It is really best to work with a Real Estate agent on these although with much investigation on your side, you could do it alone. There are many agents that deal mostly with foreclosures and are truly experts in the field of forclosures. It may be worth the help. If you would like help finding a foreclosure expert in Bremerton and the area, don't hesitate to call me or email and I will help you find one.

If you go to your county website and find the accessors site. You should be able to pull up the address or Parcel number and get alot of information about the property. Also, an agent can help you do this.

Put my knowledge on your side!

Karen Miceli, ABR, CRS, GRI, Realtor
"Beside you with each step..."
0 votes Thank Flag Link Mon Feb 4, 2008
That's a good question. The most recent loan activity on the house will be in the tax records. You will see there what, approximately, the folks have owing on the home as of late. If the house is listed by a realtor, the listing price may be a price that is market value on the home. If the home if in pre-foreclosure or foreclosure, the lender may be willing to take less for the home in order to get it sold quickly. Lenders aren't in the business of owning homes. If you are looking for a pre-foreclosure or short sale home, call me and we can talk about what can happen next for you. My cell number is 206.697.0468/
0 votes Thank Flag Link Mon Feb 4, 2008
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer