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When a bank owned home is sold, when is the "last sale and tax info dated?"

I've seen listing dates of bank owned homes but then i see last sale and tax dates prior to the listing dates. I know the bank owned homes have been sold but I want to know for how much.  How often are the dates updated on zillow?
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February 27 2009 - Anaheim
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Answers (4)

Ask your Realtor.
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March 12 2009
Often the information is provided by online services is accurate. Sometimes it's incomplete and outdated. Occasionally, it can also be inaccurate. That is the same whether it's advertisement supported services like Zillow or paid services like most foreclosure tracking services. If you read the terms of service, you always see the disclaimer that the information provided is for informational purposes and provided without warranties, guarantees, or promises.

If it is important enough, you should try to triangulate your information from different sources.

If it is very important go to the county tax assessor's office. Get the name of the current tax payer who is usually the owner of the property by the address of the property. The assessed value is near what they paid for.

Then go to the County Clerk's Office and get the grant deed. Often the deed will spell out for how much the property was transferred. Usually there will be a trust deed associated that shows you how much the owner borrowed to buy the property- though not necessarily how much he also put down.

Of course, you could simply go to the new owner, tell them how great their new home is, that you have been interested in moving into the area, and ask them how much they paid for their property.
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February 27 2009
You have more than one question, so, there are more than one answer.  There is usually a chain or sequence of events.

The "sale" dates you're probably seeing, are title transfer recordings notifications, including the transfer date and the purchase price, that goes on public record, usually within a week of it happening - there is a lag time, for processing the paperwork.

Next, if a bank/lender has foreclosed on the property, you will usually see it pop up, weeks or months later, as a new listing in the MLS, at which time it is "fed" to Zillow.

Then it eventually sells, and when that sale has closed escrow, it become a new entry on the County recordings, and takes the same week's lag time, before it is available in the public record.

You can usually obtain any part of this chain of events through your favorite Realtor, at no cost, and probably - I don't know because I don't have to use them as my source - through a site like Zillow or Trulia.
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February 27 2009
Check the local county records. They are more accurate than what Zillow can provide.
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February 27 2009
 
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