Why is this home sold for so low?

Asked by SR123, 60601 Sun Feb 8, 2009

I am looking to buy a home in this area and researching market trends to have an idea of how much can I offer. I found this home sold for so low. Is this sold in an auction or bought by the same owner.
This question is about this property: http://www.trulia.com/homes/California/Fullerton/sold/825012…

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Cristal Drake…, , Fullerton, CA
Mon Feb 9, 2009
Hi Shree,
I did a little searching for you and per the mutiple listing service (the service that realtors use) this property closed escrow for $355,000 on December 30th. There may have been a glitch in the county recording department or something. Sometimes these things happen.

I am pretty familiar with the Amerige Heights development and can help you with any additional questions. It looks like you had another question and I will check that one out now. Thanks so much! Cristal
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Denny and De…, Agent, Brea, CA
Sun Feb 8, 2009
Bank Repo - Check out the actual MLS listings Realtors use at http://www.HomeSearch123.com
Web Reference:  http://www.homesearch123.com
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The Hagley G…, Agent, Pleasanton, CA
Sun Feb 8, 2009
It was most likely a foreclosure...and that was most likely the price due on the note...most likely purrchased back by the lender.
Web Reference:  http://www.cindihagley.com
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