Looking at the map, it could be 67 or 71 Smull Avenue, Caldwell. I sold 67 Smull Avenue in 2011 for $510,000 and 71 Smull Avenue just sold this past January for $494,000. Neither one was a bank foreclosure. They were both privately owned and not indicated as a "short sale" either. The home in question had been listed for more than 180 days on Trulia via Realty Trac which lists homes in "pre-foreclosure". All this means is that the owner could be at least one to several mortagage payments behind and the bank has filed a notice of default on the home (lis pendens). Here is the explanation per Trulia:
"Pre-foreclosure (NOD or LIS) is the first stage in the foreclosure process that begins when a homeowner receives a default notice for missing one or more mortgage payments. Owners in default can stop the foreclosure process by paying the past-due payments or by paying off the entire loan balance â€” usually by refinancing or by selling the property. They can also avoid foreclosure by selling before the auction â€” this may have to be a short sale if the homeowner owes more than the property is worth. Homeowners in pre-foreclosure are usually motivated sellers who want to avoid losing their property at a public foreclosure auction."
Homes listed on Trulia can contain very outdated information if the property is not removed upon sale or bring the mortgage current at the very least. Trulia is not updated daily by the MLS as are sites like GSMLS, realtor.com and RE/MAX.com
For further information regarding foreclosure homes or short sales, don't hesitate to contact me via this post.
RE/MAX VILLAGE SQUARE