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Property Q&A in Centreville : Real Estate Advice

  • All12
  • Local Info3
  • Home Buying2
  • Home Selling0
  • Market Conditions2

Activity 4
Sat Nov 16, 2013
Matthew Smith answered:
Since this property is zoned for a single family residence, it appears to have been extensively modified, illegally, into three units, with three kitchens. This will be hard, if not impossible to finance as a result. A investor buyer may need to pay cash for something like this. ... more
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Sat Nov 16, 2013
Charo Bhatt answered:

It seems like the property you were interested in renting is no longer available.
You may check other similar listing in the area by clicking other similar listings on the trulia site.

Good luck to you,
... more
0 votes 3 answers Share Flag
Mon Dec 31, 2012
The Medford Team answered:
Guess what … if the listing has the logo for RealtyTrac ...

Then what you are seeing is NOT an actual listing … it is an advertisement for RealtyTrac.

RealtyTrac is a provider of data for distressed homes. This data is used by investors and Realtors to track distressed homes. When you see the RealtyTrac logo, you are not looking at a home that is actually available for you to buy: what you are seeing at is either (1) the notice of default for one of the mortgages on the property in question, (2) a notice of an impending trustee sale or (3) a notice of a completed trustee sale.

RealtyTrac notices can be very deceptive because they usually give loan amounts, not the purchase price or fair market value. When and if this particular property hits the market, it will be at market price for the neighborhood.

Bottom line: RealtyTrac is trying to get you to sign up for their service.

The following links may be helpful:

When Is The Price Not The Price?

It’s Too Good To Be True: REALLY – Top 4 Buyer Myths

We just sold a home in the same development and I can say with certainty there is no chance of you getting that home at the price shown.

If you want to know when these or similar properties will actually hit the market, have a Realtor set you up with an auto-feed that will alert you the moment they become active on the MLS.
... more
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Wed Aug 1, 2012
John Juarez answered:

The property in question is a short sale with two loans. The complex is in litigations so financing will be difficult to obtain.
0 votes 2 answers Share Flag
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