Just announced: Yahoo is now providing foreclosure info. I haven’t had the chance to look at their site yet but I thought I’d post here for people who might be interested.
Could someone with resources tell me if Yahoo RE is behind on it’s listings? I noticed several listings in my area (92129) that are old, sold or have already been taken off the market…one in particular has been rented out, but is still listed for sale on Yahoo. Also, there are so many listings in the foreclosure pages for my area, could it be possible that there are that many distressed homeowners? It looks to be about 50% of the listings in my area area foreclosures or NOD’s…please comment.
Right now the properties aren’t interesting though. Many of them are priced far more or at best equal to comparable properties listed on MLS.
If I buy a foreclosure I expect at a minimum a 40% discount from comparable properties for sale for the hassel of dealing with this type of purchase. Not only does one assume a tremendous amount of risk but many of these need work. I have heard many foreclosures don’t allow inspection.
Unless I get a real STEAL of a deal I am not going to bother and waste my time with the stress of buying a foreclosure!
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