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Property Q&A in Isleton : Real Estate Advice

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  • Home Buying5
  • Home Selling1
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Activity 2
Mon Jun 20, 2011
Erin answered:
Sun Nov 15, 2009
Anna Boyd answered:
Hi Lisa,
I tracked this home down. Sue is correct that the $5,505 is just the back payments owing. It's in Notice of Default as of early September. I checked for comps near there. There was only one with similar square feet that sold in June for $325,000. This particular home you are asking about was bought in 2006 for $387,500.

This is one of the reasons most all realtors that answer questions on this board will tell buyers to not rely on Realtytrac for pricing information. It's fine for checking a potential foreclosure - but after that you'll need to find the comps to see if it will be listed when in foreclosure in the ballpark of the price you are looking for.
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