Hi Ivaylo, RealtyTrac is not a listing service. The access public record information and tease you with it so you will pay them a monthly fee to get more information. This foreclosure, when listed on the MLS, will be at market value, not the low price shown.
To remove all RealtyTrac â€œforeclosureâ€ listings from your Trulia search results go to your search results page. Check out the Refine Search box on the left and scroll down to 'Listing Type'. Uncheck the 'foreclosure' selection and your search will update automatically and filter out all RealtyTrac listings.
If you truly are serious about buying your first step should be a loan pre-approval to confirm what you can actually afford before placing an offer. You can read more about the loan pre-approval process here: http://www.Steven-Anthony.com/default.aspx?pp=39377
Of particular interest is the FHA program:
1) 3.5% minimum Downpayment.
2) Up to a 6% Seller Credit allowed for buyer's closing costs and Seller concessions (non-FHA max is 3%).
3) FHA requires that identified safety/health issues be corrected.
4) FHA allows up to $8,000 in financed energy efficient upgrades without negatively affecting borrower's debt-to-income ratio.
5) Cash reserves not required.
6) Upfront Mortgage Insurance may be financed.
7) Non-occupying co-borrowers are allowed.
8) High and flexible qualifying ratios.
9) FHA loans are assumable.
10) No pre-payment penalties.
11) Will consider "compensating factors" in determining whether a loan should be granted.
This chart provides information on the First Time Home Buyer Federal tax credit:
I would be happy to set you up with an automated MLS search agent for properties that meet your search criteria. Results would be automatically emailed to you. Contact me if you are interested.