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Realtytrac All Locations : Nationwide Real Estate Advice

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Sun Jan 27, 2013
Mark McNitt answered:

The lot is for sale at $33,000, not the $24,500 posted here. The posting is not the listing Realtor.

ML #: 16588439 You can see the lot on The contact information is there to speak to the Realtor representing the seller.

If you need help presenting an offer, let us know. You can drive by the lot and if it looks good, we can review sale comps. It has been on the market for almost a year.

Mark McNitt
m 832-567-4357
Bernstein Realty, Inc.
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Mon Jan 21, 2013
Dan Tabit answered:
Generally one of two ways, at a foreclosure auction or through an agent once it's listed for sale.
RealtyTrac doesn't sell homes; they sell subscriptions to their services. You can get the same information from a well informed licensed agent.
Buying at an auction can be risky. You can't generally preview the home, you may be stuck with serious repairs, unpaid liens, tenants that you need to evict and you'll be bidding against a mixture of professional buyers and mis-informed amateurs.
My suggestion is to find a great local agent, who knows the area you want to purchase in and look at all the inventory. Some foreclosures are a buy, others are a serious bust. The same can be said of short sales and private party sales. You will do best with a knowledgeable professional on your team.
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Sat Jan 19, 2013
Buying a foreclosed property is always possible if not slightly more challenging due to a few factors.

First, from a mortgage lender's perspective the subject property must be in inhabitable condition. Sometimes foreclosed properties are anything but inhabitable with distressed structures, mechanicals, or even missing fixtures.

Second, they will typically have a very tight window during which to close your mortgage so time is of the essence whenever dealing with foreclosed properties.

Ron Fronckowiak
Licensed Mortgage Professional
R & R Funding, Inc.
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Fri Jan 18, 2013
Anna M Brocco answered:
If you are rteferring to RealtyTRac ads; keep in mind that RealtyTrac's information may not always be accurate and oftentimes can be misleading--you could be looking at a lis pendens property--notice of default--some of those properties may not be for sale yet, and some may never be, if the default is satisfied by the owner. If you are interested in foreclosures, work with an agent, as most do end up being listed by a broker--he/she will have access to reliable information--also don't overlook traditional sales as some may turn out to be a much better bargain than some of the foreclosure properties. ... more
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Thu Jan 17, 2013
Deborah Madey answered:
RealtyTrac utilizes multiple free and fee based data sources and aggregates this info. If you seek information about foreclosure properties, your options are as follows:

1) Pay a service, such as RealtyTrac for the ease and convenience of an aggregated data source.

2) Engage the services of a REALTOR who has familiarity with the market niche you seek. A buyer agent who knows the area well who can access various data sources to value add to their neighborhood expertise.

3) Engage the services of a REALTOR who specializes in REOs who has expertise in foreclosures and can utilize tools to add any necessary neighborhood info.

4) Perform your own research. You can use 'free' tools only. In addition to internet searches, visit your local township offices for tax data and tax status (including items which are treated as tax beyond property taxes) county recorder for deed info, and courthouse for updates on legal proceedings.

Note: REALTORS do not rely solely on free tools via the internet. REALTORS utilize fee based tools through their associations as well as individually purchased tools. The information available to a REALTOR may supersede that which you can source on your own for free. If, however, you wish to invest the time and money, you would be able to find out the same facts and history on properties as would a REALTOR. At that point, utilizing - or not - a RELATOR becomes a choice based on whether you believe the experience and input from a trusted advisor has value.

Finding the right REALTOR, in my opinion, is the most efficient and cost effective route, while simultaneously reducing your risk since the input of a skilled REALTOR could help your outcome through better decisions.

However, in the alternative......... your sources are:

Township Offices - Tax data. Tax liens? Sewer liens? Past due water bills can become taxable liens against a property in municipalities where water is provided by the township. If water is provided by an independent water company, not so. Title transfers. History of taxes. Zoning office. Planning Office. Permits properly filed for all work performed?

County Offices - Deeds, liens filed? Scheduled sale dates? Postponements? Title transfers?

Courthouse - Updates on legal proceedings.
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Sun Jan 13, 2013
Michael Hammond answered:
You can call, text or email an Agent or Broker, thong le, to purchase a home. You might not be able to buy this one, however, since it is a RealtyTrac advertised home. Please contact us if we might help further. Good Luck!

Michael Hammond
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Sun Jan 13, 2013
Scott Godzyk answered:
It is said that on average 1 in 10 homes nationally. Preforeclosure can be as little as 30 days late though, most bring their payments current or work something out.. Preforeclosure entails anyone in default ... more
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Fri Jan 11, 2013
Jon Porrey answered:
This is one of those listings where the property may still be in redemption but the bank has not listed it yet. Realtytrac wants you to sign up for their services. That's the ploy to me of these listings on Trulia.
Hope that helps.
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Thu Jan 10, 2013
Lonna Berry answered:
Hi Brian,

You do have to join in order to see all the information on Realtytrac. I think you can join for free for a week to check it out and cancel after that. If an agent has resources, they can look up the information for you. I joined Realtytrac in 2007 and I find the information to be pretty accurate. I'm not sure what you mean by dealing with the bank. Do you mean if it's in pre-foreclosure? You are welcome to call me or email me if you would like more details on some of the properties you are seeing on Realtytrac.


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Wed Jan 9, 2013
Carla and Jo Hunter answered:
Because of the real estate climate in the last few years there are many agents who would be able to assist you. I personally have designations and experience with foreclosure and short sale properties. Please let me know if you'd like some information about the processes and I will be happy to assist you. You can reach me at , ... more
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Thu Jun 13, 2013
Barbara Ann Rogers answered:
Hi Mary,

In actuality, there are very few true foreclosures in NYC, and very many false ads on Trulia that ask you to pay money to find out the full details on these foreclosures - that don't exist.

Personally, I don't think a true foreclosure is a good idea for anyone, first time buyer or not. Regardless, you're putting people out of their home.. REO (real estate owned) is a better way to go - those are banks that have already seized the property and thrown people out, but the properties are usually in bad shape.

Where are you looking for and how much is your budget? I specialize in first time buyers. Contact me and let''s talk.
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Sun Jul 28, 2013
Michael Huffman answered:
If you provide a property address someone can better assist you. Are the foreclosures your viewing from the RealtyTrac website? These homes are in some stage of foreclosure but not necessarily on the the market. If you need to find a home, contact a local realtor that can provide you a list of homes currently on the market. ... more
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Fri Dec 28, 2012
Anthony Piemonte answered:
My Advice would be to get in touch with an agent who could not only get the address for you but could print out the entire property history for what you are interested in.
0 votes 4 answers Share Flag
Sat Dec 22, 2012
Michael Cheng answered:
Once you've signed up for RealtyTrac, you will be able to see the property details. If not, call customer service.
0 votes 6 answers Share Flag
Mon Feb 4, 2013
Team Mork answered:
Tue Jan 1, 2013
Jason Campbell answered:
Honestly... take what you see on RealtyTrac with a grain of salt.. you will find the vast majority of the properties listed there are either not actually for sale, or if they are, they are for nowhere near the price they have listed... Been driving me nuts for years!! ... more
0 votes 11 answers Share Flag
Mon Dec 17, 2012
Laura Coffey answered:
Foreclosures that are listed by agents do go in MLS. When a house is first foreclosed on it will usually go to auction first. If no one buys it then it will go into the MLS by a REO agent. ... more
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Wed May 29, 2013
Christopher Pagli answered:
Hi, It depends on the type of loan you have. The FHA for instance, has a strict process for their loans. There is a 30-90 review period to determine a valid hardship and try a modification first. If you are approved to do a shortsale you will receive an "approval to participate" letter. this will put the foreclosure process on hold. If you are having any trouble paying your mortgage or think you will soon, it's best to contact your lien holder directly. Do it sooner then later. I hope this helps!

Good luck,

Christopher Pagli
Licensed Associate Broker
Accredited Buyer Representative
William Raveis Legends Realty Group
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Sat Dec 15, 2012
Suzanne MacDowell answered:
Your local multiple listing service is really the only way. The MLS will only have homes that are actually listed for sale by the bank or the homeowner. Other sites are publishing a list of homes for which legal papers have been filed to start the foreclosure process, but they are not available for purchase until the owner lists them with a realtor and they are put on the MLS. Likewise banks will not talk to anyone or sell a home until it is listed with a realtor and put on the MLS. So, MLS is really your only reliable resource. ... more
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Thu Dec 13, 2012
Nadine Mauro answered:
Hi Frank,

Where is the address not disclosed?

Nadine Mauro
Highlight Realty
0 votes 5 answers Share Flag
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