If a home shows up on Trulia as a pre-foreclosure, that means they are already in default. What you are seeing are advertisements from RealtyTrac â€“ they are actually trying to sell you a subscription to their services. Most often the numbers shown are for loans â€“ NOT actual property values â€“ thus potential buyers think they can actual get a deal on one of these.
Just because a home is in pre-foreclosure status does not mean it will end up for sale. If, in fact, it does come on the market, it will most likely show up as a short sale and will end up on the MLS along with all the other listings. And it will be at market price.
There are many companies that contact home owners once a notice of default has been filed â€“ weâ€™re one of them, in fact â€“ but most owners going into default are not interested in selling â€“ they want to stay put and try to work things out with the bank. Thus the number of â€œpre-foreclosureâ€ homes that actually hit the market is a very small percentage of those that get a notice of default.
Yes, we work with pre-foreclosures â€“ just like any other realtor in the area as well.