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What is going on with this real estate listing?

https://www.trulia.com/property/5034676761-15007-1...

Thie real estate listing above says:

-- "This property was foreclosed and now the lender is selling it for $281,238." and:

-- "Foreclosed: The lender, ABN AMRO MORTGAGE GROUP INC, has taken ownership of this property through a foreclosure auction for the amount of ."

HOWEVER, it ALSO says:

"04/20/2018 $51,097 The owner of this property has been served a Notice of Sale. The property is scheduled to be sold at a foreclosure auction on 04/20/2018."

As of this writing, the auction date, 04/20/2018, is over two and a half months in the FUTURE. Does this mean the property is still open to preforeclosure negotiations with the owner, or is the foreclosure completed?

5 Answers

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  • ?
    Lv 7
    3 years ago

    The property was foreclosed on by the lender and now they are selling it for $281,238, If it doesn't sell by 4/20/18 it will be sold at auction (where the lender will probably take less but hard to know how much less).

    Where it says:

    "Foreclosed: The lender, ABN AMRO MORTGAGE GROUP INC, has taken ownership of this property through a foreclosure auction for the amount of ."

    "04/20/2018 $51,097

    I think the $51,097 is what the lender paid to get the property back and the number was just put a line lower than it should have been - but this is all meaningless, teh important thing is do you want the proeprty for $281,238 now (yes yuo can offer less) or would you like to try buying it on 4/20/18 for less (hard to say how much less).

    If you are really interested then go to auction.com and look up the property and they may have more info. Fair warning, buying through these guys creates a whole bunch of oddities (I acutally never buy through them, but would at the right price) and they will chrage you a fee on top of your bid.

    Good luck.

  • Anonymous
    3 years ago

    Good God that price in that neighborhood, my god it is a DUMP yard. You are right definitely something wrong in all that mess.

  • ?
    Lv 7
    3 years ago

    if it was foreclosed the lender who did this is only interested in getting the remainder of the original loan, they are not in the business of selling real estate for a profit

  • 3 years ago

    This could mean a few things

    #1. The foreclosure has not been completed. The foreclosure would be completed in April as the notice indicate.

    #2.The foreclosure is complete and the foreclosure auction would be in April.

    You might be able to find out if the foreclosure is complete by going to the county office and see if the mortgage lender has recorded in the name of the mortgage lender

    If the deed is still in the name of the current owner, you might be able to make a deal with the current owner and purchase the house.

    I hope this has been of some benefit to you, good luck.

    "FIGHT ON"

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  • 3 years ago

    by the hous

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