Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Property Q&A in Arrowhead : Real Estate Advice

  • All3
  • Local Info2
  • Home Buying0
  • Home Selling0
  • Market Conditions0

Activity 1
Sat Jan 12, 2013
Antonio Vega-Pacheco answered:
Realty Trac strikes again:
Look at the posting for that home again and find the logo for Realty Trac (black and red). Most times when you see that logo on any listing it means the price you see is NOT a sale price, and the home is probably not for sale as of yet. It is just a posting of what the Bank/Lender had to pay the courts to document regaining custody of the home when they foreclosed on it (transfer value); and/or an announcement that the foreclosure process has just begun (Lis Pendens). Next that Bank/Lender will take several months to put the property on the market at "Market Value for the specific community" and it will be listed/advertised as a Foreclosure or an REO.

Was this answer helpful? If so please click on the "thumbs up" above.

Tony Vega
La Rosa Realty
... more
0 votes 3 answers Share Flag
Search Advice
Search

Followers

576