The house advertised for $37,000, is it livable?

Asked by Annie Dressler, 07304 Thu May 6, 2010

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Anna M Brocco, Agent, Williston Park, NY
Thu May 6, 2010
Not sure where you are seeing the information--however, if it's a RealtyTrac listing, it's possible that it's a lis pendens property--notice of default--if so, some of these properties may not be for sale yet, and some may never be if the owner satisfies the default. If you are looking at foreclosures the most accurate source of information is any local agent.
0 votes
Lance King, Agent, San Francisco, CA
Thu May 6, 2010
Anne,

Most likely this is the amount the owners are in default on their payments. Realty Trac publishes things like this all the time..

Best Regards,

Lance King/Managing Broker
lance@fixedrateproperties.com
415.722.5549
DRE# 01384425
0 votes
Ruth and Per…, Agent, Los Gatos, CA
Thu May 6, 2010
Hi Annie:

You are looking at homes adverised by Realty Trac that are in the process of being foreclosed.
They want you to subscribe to their list.

So to answer your question, yes the house is liveable. But the real question is whether in the end the home will be sold for $37K. The answer is likely not, not in San Francisco.

Best regards and have a wonderful weekend.
Perry
Web Reference:  http://www.ruthandperry.com
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