Property Q&A in 94583>Question Details

Cal Sager, Home Buyer in San Ramon, CA


Asked by Cal Sager, San Ramon, CA Wed Oct 15, 2008

This question is about this property:…

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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.
2 votes Thank Flag Link Thu Oct 30, 2008

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.…
Web Reference:
0 votes Thank Flag Link Thu Dec 25, 2008
If you see a deal is too good to be true, it is probably not. If that property is sold at price indicated (first mortage loan amount), US must be definitely in deep depression (not recession).

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.
0 votes Thank Flag Link Thu Oct 30, 2008
Cal, my suggestion would be that you align yourself with a licensed Realtor who will analyze the specific bounded area you are interested in to identify and monitor its likely trend - then act.

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 haven’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:

Best Regards,

Steven A. Ornellas, GRI, ABR, e-PRO, CMPS, RE Masters, MBA
REALTOR® / Mortgage Banker-Broker / Certified Mortgage Planning Specialist

Steven Anthony Real Estate & Financial Services
Expect Excellence. Get What You Expect.â„¢
Cell: 510.461.6011
0 votes Thank Flag Link Fri Oct 17, 2008
I can look into this if you would like. Please e-mail me my company has professionals nationwide.
0 votes Thank Flag Link Wed Oct 15, 2008
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