This property is listed as Pre-foreclosure/notice of default showing a loan amount of $127k. Does this mean this is the sales price? If not, what is?

Asked by Lori Rieder, Gardena, CA Thu Jan 24, 2013

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C. Lee Miller, Agent, Rancho Palos Verdes, CA
Thu Jan 24, 2013
Hi Lori,

Unfortunately, this is one of the homes being displayed on Trulia that is not for sale at this time, the amount you see is not a selling nor an asking price, and may never be a home for sale due to this pre-foreclosure tag Trulia has placed on this home. There are some in my industry that feel this information is misleading and should not be placed in the public view like this home since there really is no information that can be provided other that what you have seen.

If you are looking to purchase a home in this area of Torrance (or any other area of the South Bay), please send me an email or give me a call and I would be more than happy to discuss your wants, needs, and how the market is performing right now. There is no obligation and all the information I would provide you is free or charge as well.

C. Lee Miller - Broker Associate
Keller Williams Realty LA Harbor
Direct Toll Free 877-645-4110
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Victor Liu, Agent, Torrance, CA
Thu Jan 24, 2013
Its not the sales price
Its just how much they owe.
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Thanks Victor. So, does this mean that the property is not for sale but you can try to take over the loan or get it refinanced for the current owner (turning them into a renter?)
Flag Thu Jan 24, 2013
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