If you want to look for foreclosed or short sale properties in Mountain View take a look at:
Keep in mind that the listed price may not be very close to an acceptable purchase price.
Juliana Lee, MBA LLB
Top 3 agent nationwide at Keller Williams Realty
Over 20 years experience
Over 1,000 home sales completed in Santa Clara and San Mateo counties
I am happy to provide my service to you.
Resident of Mountain View since 1995
Realtor since 2003
The link that you provided is to a posting by RealtyTrac that is really a come-on to get you to sign up for their subscription reporting service. RealtyTrac is not a real estate company. RealtyTrac does not sell houses. RealtyTrac is a reporting service. They take information from public records about foreclosures, notices of default, lis pendens and other such filings and report them to their subscribers. Information from RealtyTrac can have value for those who understand what they are getting and how to use the information but RealtyTrac postings on Trulia.com are abbreviated versions and are misunderstood by many who think the postings are showing properties that are for sale at very low prices.
For information on how to buy a bank owned property, check with a local Realtor who can explain the process and give you valuable assistance.
It is not for sale. If you see a listing that says Realty Trac it means the home owner is behind in payments, but that does not mean the home is for sale. The homeowner can make up the payments that are behind, go through a loan modification, or declare bankruptcy before the bank forecloses. If the homeowner does nothing, eventually the bak will foreclose and at that point they will assign the home to a real estate agent who will then list the house on the multiple listing system for market value. If this home does ever get to the point where it is foreclosed it will not be listed anywhere near this price since the market value is significantly more. the inventory is so low in Mountain View if the bank does foreclose on a home, there is no reason for them to sell it for under market value.
Keller Williams Realty Palo Alto
Get with a realtor who can guide you properly and help you get what you want.
Feel free to contact me with any questions.
At your service,
Certified Distressed Property Expert