The property in question is not for sale. What you are looking it is only a public notice of default, meaning that the current homeowner has been late in their mortgage payment. Historically speaking, borrowers will end up curing such defaults one way or another and cure their loan. However, if this is to continue, the trustee will end up trying to sell the property a later date (no sooner than approx. 4 months from the initial default date).
Cal, the reality is that there is lots of information available online, however you need a trusted advisor to guide you through all these information sometimes bogus and provide you with accurate and valuable information so you can make a good decision along the way.
I recommend you contact a real estate professional, a Realtor and let him/her take you through the proper steps from the initial discovery phase to strategy planning and of course through negotiation of an ideal home for you and your family. It is not really that complicated process so long as you have a right advisor on your side.
Please do not hesitate to call my office if there is an opportunity to assist you and earn your business. That is why we are here. Best of luck.
These "listings" are actually an attempt to RealtyTrac to get you to subscribe to their fee-based program. As you've seen in the great answers below, the property isn't actually "available" and most certainly won't come on the market at the price shown. This is truly aggravating - so much so that I posted a blog that explains the whole thing. Hope this helps.
Right now, after foreclosure, event bank lists it at 500k, it will be sold close to its market value which is around mid 800k. Why, because hundreds buyer will swarm in to get this once in a life time deal.
Real Estate at its very core is a profession based on specifics, whether it's the particulars of a home, neighborhood, or city. Trulia is a great source for getting many questions answered; however, when it comes to your hard earned dollars, you want someone who is focused on advising you- even if that means advising you to wait....
If you havenâ€™t already done so, you should also get pre-approved as a pre-approval letter will be required to even place an offer, let alone help you target in on your buying power. For more information on the Pre-Approval process visit: http://www.steven-anthony.com/default.aspx?pp=39377
Steven A. Ornellas, GRI, ABR, e-PRO, CMPS, RE Masters, MBA
REALTORÂ® / Mortgage Banker-Broker / Certified Mortgage Planning Specialist
Steven Anthony Real Estate & Financial Services
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