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Foreclosure in Bayville : Real Estate Advice

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Robert Suarez, Real Estate Pro in Toms River, NJ
Mon Sep 27, 2010
Robert Suarez answered:
Hi Alice,
as the other agents have said that price is not for the purchase price of the home.What happens with the foreclosure sites is that they post the payoffs or judgments against a property . This however does not tell the whole picture. As William has said the amount you mentioned is close to the third mortgage. Foreclosure sites post the info on a house without noting the position of that particular lien.The info posted is accurate, but incomplete.However now that you know the home is in a foreclosure situation. You could contact a agent in the area to help you get a complete picture of the situation.
Remember all that information on the real estate web is a great thing. Over 90% of people searching for homes start on the web. But it is much more effective use of the information gathered when you have a professional Realtor help you decipher the information . The statistics seem to support this as a majority of people still use Realtor professionals to complete their real estate transactions
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