Profile picture for kyrie3

Home listed as REO/post foreclosure on your site but nowhere else? Is this accurate or not?

  • January 24 2012 - Fairfield
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Answers (4)

Profile picture for kyrie3
Thank you all!!!
  • January 24 2012
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Profile picture for wetdawgs
There are two things to investigate:

1.  Is it listed "for sale" with a red icon on the map and red icon on the home details page?   If so, at the very bottom of the home details page there may be an active link to the source of the listing.   Click on it and find the source of the information.

2.  If the house is not listed with a red icon and a "for sale" in the upper left of the home details page, but the only indication of "REO/post foreclosure" is in the descriptive words, this description may be a remnant of a former status that wasn't cleaned up by the listing party.

  • January 24 2012
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Profile picture for craigfial
Chances are it's not.  Even if a property was Foreclosed on, it still has to go through a process which can take months before it gets listed and available for purchase.

1 After the lender forecloses, they have to wait for Certificate of Title (3 weeks to 60 days)
2 Assigned to a Asset Manager
3 Asset manager engages a Realtor to sell.  The property may need some work or repairs prior to being listed.  Once this is all complete the property is listed and available to the public.

This turnaround typically runs 3-6 months.

Work with a Buyers Agent in order to put it on a watch list.  Once it becomes available, you should be notified immediately.

Good luck!
  • January 24 2012
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Kyrie, Many times I get calls, text messages or emails regarding erroneous information on Zillow  They seem to post information reported to a county assessors office as a sale or potential sale. It's very misleading and frustrating for you I understand. Another thing to consider is if the information is not verifiable or sounds to good to be true. It's either wrong info or it is to good to be true. :)
  • January 24 2012
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