Comments on: Free foreclosure listings: What is right and wrong

By: RICHARD A. YOUNG

RICHARD A. YOUNG — Wed, 17 Aug 2011 03:38:53 +0000

I HAVE WRIGHT YOU ABOUT A NEW HOME I FORGOT TO TELL YOU WHAT LOCATIONS WISH IS STATEN ISLAND NEW YORK OR SYRACUSE NEW YORK. THANK YOU.

By: RICHARD A. YOUNG

RICHARD A. YOUNG — Wed, 17 Aug 2011 03:33:07 +0000

I AM SEEKING HOME OR A CO-OP OR CONDO, RENT TO OWN WITH NO STEPS BECAUSE MY MOTHER IS UP IN AGES AND IS NOT ABLE TO CLIME UP AND DOWN THE STAIRS IT WILL BE TO MUCH FOR HER, ALSO I M LOOKING FOR A SENIOR CITIZENS PROGRAM FOR HOUSE FOR MY MOTHER. COULD YOU HELP ME THANK YOU YOURS VERY TRULY RICHARD A. YOUNG

By: Luke Nath

Luke Nath — Tue, 09 Aug 2011 22:30:25 +0000

So, what is a home seeker to do?
Complete foreclosure information about any property is simply NOT being listed publicly for free. So who do you turn to? Heck even my realtor was unable to help me find decent
foreclosures at all. All he could show me were two run down homes that were were
ready to be bulldozed as they were totally unsalvageable. Why is the foreclosure business such a secretive “hegemony”?

By: Foreclosure.com Blog · RealtyTrac foreclosures: Reason #9,827 not to trust its listings

Thu, 30 Jul 2009 15:33:45 +0000

[...] have said it better ourselves. Let’s just add this latest complaint to our growing list (here and here) of disenfranchised (and wise) media outlets that do their homework when it comes to RealtyTrac’s [...]

By: FSBO BLOG » Blog Archive » Foreclosure Data: true or false?

FSBO BLOG » Blog Archive » Foreclosure Data: true or false? — Wed, 23 Jul 2008 14:34:42 +0000

[...] Foreclosure.com Article: “Free foreclosure listings: What is right and wrong” [...]

By: Steele in Minnesota

Steele in Minnesota — Tue, 22 Jul 2008 14:32:14 +0000

How very true. I worked with RealtyTrac for over three years attempting time and again to have them stop publishing inaccurate information. Here in Minnesota their biggest area of error is in bank owned listings. Because we have a six month redemption period after the Sheriff Sale/auction a property does not become bank owned for an additional six months. But RealtyTrac ignores this completely and publishes these properties as bank owned and equally wrong, shows a selling price of the auction amount!

95%+ are not even for sale. And if they are, they are for sale by the original owners at whatever price they feel is correct.

Probably the biggest offense is listing secondary lien Sheriff Sale amounts as the price. Regularly we see “Bank owned” townhouses for prices of $1,000 to $10,000. In reality, these are association liens. Equally often we see small home equity or contractor liens on much more expensive housing showing as the price.

Do either of these get response? You bet! Who wouldn’t want a $180,000 townhouse for $2,500? Or a $500,000 executive home for $40,000? And so they sign up only to find that the properties that they are interested are not even for sale most of the time and if they are, they are at best at a slightly discounted price from market value.

Claiming to have highly accurate information that is up-to-date does not wash with what is actually on the site. Sadly, it may take a class action lawsuit to bring this organization back to reality. And the number of disgruntled consumers is growing…