Property Q&A in Cape Coral>Question Details

Shannon, Home Buyer in 29624

Is this the purchase price? Is this a starting bid? How does this work?

Asked by Shannon, 29624 Wed Apr 22, 2009

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RealtyTrac creates a great deal of confusion here on Trulia by advertising the estimated value of a lis pendens rather than the fair market value of a listing. RealtyTrac does this so you will part with your money to subscribe to their service.

Here is a free resource to view Cape Coral foreclosure listings:

Here is a resource to view Cape Coral waterfront listings:

Good luck in your search!
1 vote Thank Flag Link Wed Apr 22, 2009
Good explanation by Dana.
The foreclosure process here in SW Florida as many other places takes about a year to complete as banks are not in any hurry to add another property to their books. If you are interested in purchasing a foreclosure, let me know. I can send you bank foreclosed listings as they hit the market.

Kimberly Lang
The Kimberly Lang Team
Keller Williams Elite Realty
239-677-8773 cell
0 votes Thank Flag Link Wed Apr 22, 2009
This is not a purchase price,it is the amount of an outstanding loan balance. Realty Trac is not a isting site,they publish notices of default& foreclosure from the public records. This house is in LisPendens which is the initial step in the foreclosure process. if & when it does foreclose,it will be listed at market value which will be determined at that time.
0 votes Thank Flag Link Wed Apr 22, 2009
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