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Shelltown : Real Estate Advice

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  • Home Buying2
  • Home Selling0
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Activity 2
Sat Feb 23, 2013
John Juarez answered:
What you have seen on Trulia is a notice of default or foreclosure posted by RealtyTrac which is a reporting service. RealtyTrac takes information from public records and provides it by subscription to its members who have registered and agreed to pay a fee for the information. What you see on Trulia is an abbreviated report from RealtyTrac in order to entice you to sign up for their service.

It is unlikely that you will be able to buy this house for the price posted on Trulia. That is the amount of a default and has no relationship to the value of the property. The house may be offered for sale at a later date but it will most likely be listed with a Realtor and priced at a price that reflects the market price for the area.

If you are serious about buying a house, you need to align yourself with a full-time, experienced local Realtor who can help you to find the house that meets your needs. Your Realtor can help you to learn about the current market conditions, realistic house prices, loan qualifications, negotiating strategy, escrow management, inspections and everything else that goes into the purchase of a home.
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Thu May 21, 2009
Kari Shea answered:
Hi Karina,

The property is not yet for sale. It is a bank owned property, the deed was transfered back to the bank on 2/9/09 which was during the freeze on foreclosures. This should come to market sometime within the next 120 days.

Best regards,

Mark and Kari Shea
San Diego Real Estate Experts
Foreclosure, Short Sale & Investment Specialists,
Development Opportunities & Traditional Real Estate
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