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What Is Realty Trac All Locations : Nationwide Real Estate Advice

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Showing results for What Is Realty Trac [Clear search]
Tue Oct 23, 2012
Alma Kee answered:
There are no active listings on Presidential that are bank owned. It's possible the lender will eventually put it on the market and you can buy it at that point or some of the foreclosed properties are being packaged up and sold to investors with the agreement they are rented out for 3 years. This could be the case.

To give you an idea of what similar properties have sold in the past 6 months (note: ALL of these were sold to ALL CASH buyers):

http://mfr.mlxchange.com/DotNet/Pub/EmailView.aspx?r=33465793&s=MFR&t=MFR

You cannot buy a property directly from a bank--unless you show up at the courthouse foreclosure auction and immediately pay ALL CASH and buy it "as is" without title insurance or a clear title. Banks will list the property with a local realtor and some asset managers are lazy and may accept an offer the first day listed instead of allowing the "market" to determine if it is underpriced by allowing at least 7 days exposure. For this reason (and preferably if you have ALL CASH) you need to make your offer the first day an REO is listed. Ask your Realtor to sign you up for an email alert with your criteria.

All the best,
Alma
Alma Rose Kee, PA
Future Home Realty
813.244.9898
www.SoldOnTampa.com
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0 votes 2 answers Share Flag
Sun Nov 18, 2012
Brian Rayl answered:
Call a local real estate agent and ask them. If the home is not listed on the MLS, then it is offered by a company called REALTY Trac. What they don't tell you is that most of the homes that they show are not currently available for sale and may not be available for MONTHS or even years. They simply put them on the site in order to sell subscriptions to their service. DO NOT PAY FOR IT.

Any foreclosure that is available to be purchased will be in the MLS, which means any real estate agent can give you that information for FREE. Find an agent that you want to work with and ask them.

Best of luck to you,

Brian Rayl
B&B Realty Group
Keller Williams Elite
214-601-4192
... more
0 votes 3 answers Share Flag
Sat Oct 20, 2012
Carla Pennington answered:
Check out the website HudHomestore.com for HUD homes. You can also check Homepath.com for Fannie Mae foreclosures. You'll have to use a Realtor® to bid on these homes, but you can browse around and read about them there. ... more
0 votes 7 answers Share Flag
Sat Sep 29, 2012
Mark LeMenager answered:
Do you have a question about this property?
0 votes 4 answers Share Flag
Wed Oct 3, 2012
Terry McCarley answered:
Most clients I work with prefer Zillow but reality is nothing beats working with a local real estate professional.
0 votes 6 answers Share Flag
Tue Sep 25, 2012
Ricky Beach answered:
Many times the bank will extend the trustee sale date but we've seen them let it go to foreclosure. Have your agent make sure the listing agent is getting the loss mitigation and asset management departments in touch with each other. Poor communication is usually what allows them to be foreclosed on during escrow. ... more
0 votes 4 answers Share Flag
Thu Oct 4, 2012
Javier Meneses answered:
Simple. Link up with a Realtor in Brooklyn and ask them to provide a list of available short sale listings.

Javier Meneses
NMLS #23130
Sterling National Bank
jmeneses@snb.com
(516) 606-9648 ... more
0 votes 6 answers Share Flag
Thu Sep 20, 2012
Don Tepper answered:
Sure. Contact a Realtor. In fact, don't trust RealtyTrac, even if you do pay money. What you're seeing are ads, not real listings.
0 votes 1 answer Share Flag
Thu Aug 29, 2013
J answered:
Its either one of the 2

Fact = New York market moves very Fast and agents cant keep up with EVERYTHING they post

or

They are good old bait and switch

(really hard to tell which is which) ... more
0 votes 16 answers Share Flag
Sat Jan 26, 2013
Sally Blaze answered:
Judging the commute is a very personal assessment as we all have our own tolerance for traffic. On a high level you will find that Monday morning and Friday afternoon congestion is generally the heaviest and most traveled periods of the week. Of course, the first rain of the season often creates more traffic, as does road work or accidents.

Traffic on 680 is from Livermore, San Ramon, Dublin, Pleasanton and many other communities, all trying to get to Fremont, Milpitas, San Jose, and cities on the peninsula.

I suggest to clients that they invest in a one or two night hotel stay somewhere near by and drive to / from work or to / from their "new home". This might be a good strategy for you to try.

Hope this helps.

Sally Blaze
DRE01856137
sblaze@apr.com
925-998-1284
... more
0 votes 5 answers Share Flag
Tue Nov 26, 2013
Sally Grenier answered:
Any local REALTOR has access to ALL foreclosures. DO NOT USE REALTY TRAC. It's a scam. They lure you in with a free trial, but then want to charge you later. And the "listings" they have on here usually are fake and don't include a real address.

All bank owned properties are going to be listed in your MLS. Any Realtor has access to the MLS and you can get this information for FREE! And the Realtor will take you around to look at those properties for FREE! It's really the best deal out there.
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0 votes 3 answers Share Flag
Wed Sep 12, 2012
Antonio Vega-Pacheco answered:
Realty Trac strikes again:
Look at the posting for that home again and find the logo for Realty Trac (black and red). Most times when you see that logo on any listing it means the price you see is NOT a sale price, and the home is probably not for sale as of yet. It is just a posting of what the Bank/Lender had to pay the courts to document regaining custody of the home when they foreclosed on it; and/or an announcement that the foreclosure process has just begun (Lis Pendens). Next that Bank/Lender will take several months to put the property on the market at "Market Value for the specific community" and it will be listed/advertised as a Foreclosure or an REO.

Was this answer helpful? If so please click on the "thumbs up" above.

Tony Vega
La Rosa Realty
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0 votes 1 answer Share Flag
Wed Mar 13, 2013
Rocky Dole answered:
The properties that I have seen listed this way are not listed by a listing agent but by a third party site such as Realty Trac. I know it probably appears to be deceptive but since most of these listings do not indicate a specific property and it is not put on the site by a licensed agent there is probably not much that can be done. It is simply an advertisement. If you want real listings and real list prices then you can always use one of my sites.

www.RanchoElDoradoRealEstate.com
www.PinalCountyAZHomes.com
... more
0 votes 7 answers Share Flag
Fri Jun 20, 2014
Scott Godzyk answered:
There is no address or any link to check. Click on the profil of the listing agent and email them or even call them direct. If this is a Realty Trac ad then maybe no, they do not list or sell homs but post homes in the foreclosure process, the price you see is not usually the asking price. They want you to subscribe to their services. ... more
0 votes 4 answers Share Flag
Wed Sep 5, 2012
Laura Feghali answered:
Hello Bill,
Realty Trac is not a reliable source for finding foreclosed properties. It is also a site that tracks pre-foreclosures that do not always become REO properties. I believe that they obtain their information from municipal tax records.

Properties on Foreclosure.com can be out of date so do not reflect the most current status.

I believe that your best source to locate foreclosed homes is on your MLS system since you are an agent. You can also check through your local tax assessor's office to determine which homes are in distress.

Good luck to you!

Laura Feghali
Prudential Connecticut Realty
... more
0 votes 1 answer Share Flag
Tue Sep 4, 2012
Cindy Davis answered:
Realty Trac is a waste of money.

We ALL have access to the current foreclosures through the MLS. Any experienced agent can help you buy a foreclosure.

Focus on finding the right Realtor for YOU. One who is available to you when you want it, answers your questions, and is knowledgeable about the community you are buying in.

I'd be delighted to help you. Just give me a call. Take care.
... more
0 votes 9 answers Share Flag
Sun Sep 2, 2012
Steven Ornellas answered:
Hi James, YES!

RealtyTrac's primary objective is to separate you from the Dollars in your wallet on a monthly basis for information most any Realtor® can provide you for FREE. RealtyTrac is not a "distressed property MLS", they are simply using Trulia to take public record notices and syndicate the information to the web. Very few RealtyTrac listings are actually for sale: http://docs.Steven-Anthony.com/RealtyTrac30.pdf

Most distressed property is sold via Realtor® websites!

See:

MLS Data Accuracy – Where to search if you’re “without Realtor®”
http://www.trulia.com/blog/steve_ornellas_mba_re_mastersgri/2011/01/mls_data_accuracy_where_to_search_if_you_re_without_realtor

Note:
To remove all RealtyTrac “foreclosure” listings from your Trulia search results go to your search results page. Check out the Refine Search box on the left and scroll down to 'Listing Type'. Uncheck the 'foreclosure' selection and your search will update automatically and filter out all RealtyTrac listings.

You can get REAL 100% distressed property listings from a Realtor® for free; however, you would be making a mistake if you did not also look at non-distressed property as well. Here's a quick relative risk scale for distressed property (1 being the most risky):

1) Trustee Sale (court house steps)
2) Auction Company Sale (you bidding in a pressure environment)
3) REO (reduced disclosure requirements),
4) Short Sale (primarily risk is approval timeline)

I always suggest a custom automated MLS search agent be set-up to make sure you are seeing property that is actually for sale.

-Steve
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0 votes 8 answers Share Flag
Thu Sep 20, 2012
Ron Thomas answered:
Trulia is a convenient GUIDELINE, particularly for Buyers looking out of their area, and Buyers who want to do a little research on their own: It can be enlightening.

But nobody said it was the definitive work, nor did anyone promise that it would be scrupoulessly be monitored and kept up-to-date: It is the Agent's responsibility to update it; not Trulia's.

If you are frustrated, you should let your Realtor provide you with current information and possibiles.

Good luck and may God bless
... more
0 votes 18 answers Share Flag
Fri Aug 31, 2012
Tom Priester answered:
Dear Donna,

When you see a property listed as a "pre-foreclosure" it is almost always a short sale. With these transactions you are dealing with a homeowner who is underwater on their mortgage and will be submitting an offer to the lender, or lenders, for less than the amount due from the seller.

These transactions can be lengthy and frustrating but do not have to be and it really depends on a number of factors, the number of lenders, who the lenders are, other liens on the property, who is negotiating the short sale, the willingness of the seller to provide timely information required by the lender; the list goes on. If you have some time and some patience and know how to play the game you can get some very good values through the short sale process.

I hope this information is helpful but if you need anything additional please do not hesitate to contact me at your convenience.



Always at Your Service,


Tom Priester e-PRO
"Results Driven Real Estate"

Keller Williams Realty
561 308-0175
tom@tompriester.com
... more
0 votes 6 answers Share Flag
Wed Sep 5, 2012
James Gordon ABR SFR SRS answered:
If the property is not showing as available for sale on Trulia then it is a Realty Trac ad. If you are interested in purchasing a property please contact a local Realtor®.

Thank You member Trulia voices. ... more
0 votes 13 answers Share Flag
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