Yes! I think sometimes on Trulia you are seeing houses in some stage of foreclosure but not actually foreclosures that are listed for sale yet. It takes a while for a foreclosure to make it to the market where they are listed with a brokerage. At that point you should expect to see listing info, pictures, etc but sometimes even then you don't. However, I do agree with you, good marketing should be applied to any listing so it sells as fast as possible!... more
How long ago did you go through foreclosure? The standard waiting period is seven years, but in thecase of extenuating circumstances, it could only be three years. There may even be lenders who may finance you immediately after a foreclosure with a large down payment and high interest rate. The average time is 2 - 5 years. The more you have for a down payment the more likely you are to find a lender to work with you. You may be better off checking with a mortgage broker than a bank, because the broker works with multiple lenders.
Which ever way you decide to go, start rebuilding your credit. Go to a lender and sit down with them and explain what happened and see what they tell you. If they cannot give you a mortgage at that point, at the very least they can guide you so you can work your way towards qualifying for a mortgage.
But keep saving as much money as you can while you work on obtaining a mortgage.
I hope this helps.
Sure they do, it is very common that they do. Short sales are a bit different where the bank often wants more than list price, but a REO bank owned property is more like a regular owned home where the bank lists at a price they will accept and often they accept less -- not much less. Some people think, incorrectly, that they will accept 20-50% less which is laughable.... more