Whats the scoop on this one?

Asked by Aparna, 30097 Fri Jan 16, 2009

Address: 1745 Silvermere ct, duluth, 30097. This house shows up as foreclosed REO owned for 470k, but it never got listed in MLS. Did it go under contract prior to getting listed? What is the closing date on this one.

This question is about this property: http://www.trulia.com/homes/Georgia/Duluth/sold/21779436-174…

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Hank Miller, Agent, Alpharetta, GA
Sat Jan 17, 2009
The agents on here have pretty much covered it - there are a ton of excellent short sale/distressed property opportunities out there - let us know if we can help.

Hank Miller, SRA, ABR
Associate Broker & Certified Appraiser
Prudential GA Realty
0 votes
Lorie Gould, Agent, Duluth, GA
Fri Jan 16, 2009
Good Evening Aparna,

Are you working with a Realtor? From your request asking about a few different properties it sounds like you need assistance finding available properties that are a great value. And I bet you would love someone that is an expert negotiator to get you an even better deal.

There are great Realtors here on Trulia. You may or may not know that buyer represenation is absolutely FREE to you. I would give one of us a call so that you have someone working and researching on your behalf so you do not lose out on a great deal.
Web Reference:  http://www.HomesByLorie.com
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Felicia Will…, Agent, Fayetteville, GA
Fri Jan 16, 2009
Hi Aparna,

Actually this property was listed in GaMLS on 10/27/2008 and was on market for 4 days before the property went under contract. It was listed at $470,450 and sold for $450,000 on 12/9/2008. There are two mls systems used in Georgia. There is Georgia MLS and First MLS, in some cases the properties are not listed in both mls systems if the agent that has the listing is not a member of both mls systems. However this property was listed in GaMLS. Thanks
Felicia Williams
Solid Source Realty
0 votes
Lee Adkins, Agent, Alpharetta, GA
Fri Jan 16, 2009
Aparna -
This property sold on 12/7/08 for 450K. Aurora loan services was the "bank" on it.
You are correct. The property was never listed, but there is really no way of knowing how it was marketed.

It could have been sold at Auction, but in a bundle by investors, bought by a neighbor and so on and so forth.

It looks like there was a very large down payment made - nearly 50%.

It does look like someone got a pretty good deal on it - but there's also no way to know what kind of condition the property was in at time of purchase.

I would be happy to discuss details with you further if you like.

404 966 3247
Web Reference:  http://www.leeadkins.net
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