Question regarding foreclosures in sales history

[pencilneck]

I’ve noticed that when looking at a home’s sales history that foreclosures appear as sales. This makes sense. What confuses me is that the prices of foreclosure “sales” seem to be wildly different from what would probably be considered anywhere near the fair market value of the home.

Do they just make up these numbers? Or does anyone understand why foreclosures on $500k homes sometimes show as sales at $200k, or why a home worth (and for sale for) $350k may show a sale of $550k a month ago when it was foreclosed upon?

I guess a foreclosure is a foreclosure, but if anyone can explain the vast range of foreclosure “sales” prices I’d appreciate it.

I mostly see this on Zillow (because that has one of the easiest ways to look at previous sales) but I see it on other sites that list prior sales as well.

Thanks!

[Diego Mamani]

I’m sure SD Realtor can give you a better answer, but I’d say the amounts you saw correspond to the size of the delinquent loan. The loan could be higher or lower than the property’s market value, and that’s what gets recorded.

[Diego Mamani]

I’m sure SD Realtor can give you a better answer, but I’d say the amounts you saw correspond to the size of the delinquent loan. The loan could be higher or lower than the property’s market value, and that’s what gets recorded.

[Diego Mamani]

I’m sure SD Realtor can give you a better answer, but I’d say the amounts you saw correspond to the size of the delinquent loan. The loan could be higher or lower than the property’s market value, and that’s what gets recorded.

[Diego Mamani]

I’m sure SD Realtor can give you a better answer, but I’d say the amounts you saw correspond to the size of the delinquent loan. The loan could be higher or lower than the property’s market value, and that’s what gets recorded.

[Diego Mamani]

I’m sure SD Realtor can give you a better answer, but I’d say the amounts you saw correspond to the size of the delinquent loan. The loan could be higher or lower than the property’s market value, and that’s what gets recorded.

[SD Realtor]

You are pretty much on target Diego.

pencilneck when there is a transfer of title that is recorded, such as a trustee sale it will be recorded and that is what you see on the tax roll. The values you see are not made up.

[SD Realtor]

You are pretty much on target Diego.

pencilneck when there is a transfer of title that is recorded, such as a trustee sale it will be recorded and that is what you see on the tax roll. The values you see are not made up.

[SD Realtor]

You are pretty much on target Diego.

pencilneck when there is a transfer of title that is recorded, such as a trustee sale it will be recorded and that is what you see on the tax roll. The values you see are not made up.

[SD Realtor]

You are pretty much on target Diego.

pencilneck when there is a transfer of title that is recorded, such as a trustee sale it will be recorded and that is what you see on the tax roll. The values you see are not made up.

[SD Realtor]

You are pretty much on target Diego.

pencilneck when there is a transfer of title that is recorded, such as a trustee sale it will be recorded and that is what you see on the tax roll. The values you see are not made up.

[pencilneck]

Thank you.

Some of the numbers seem so arbitrary that I still think I’m missing something.

I’m seeing things like a sale in 2005 for $450k, foreclosure listed as a sale in 2008 for $550k, and immediately placed on the market for $399k.

It would make some sense if the $550k represented the total amount owed on the property when foreclosed, as Diego suggested, but to record $550k on the tax roll still makes no sense to me.

[pencilneck]

Thank you.

Some of the numbers seem so arbitrary that I still think I’m missing something.

I’m seeing things like a sale in 2005 for $450k, foreclosure listed as a sale in 2008 for $550k, and immediately placed on the market for $399k.

It would make some sense if the $550k represented the total amount owed on the property when foreclosed, as Diego suggested, but to record $550k on the tax roll still makes no sense to me.

[pencilneck]

Thank you.

Some of the numbers seem so arbitrary that I still think I’m missing something.

I’m seeing things like a sale in 2005 for $450k, foreclosure listed as a sale in 2008 for $550k, and immediately placed on the market for $399k.

It would make some sense if the $550k represented the total amount owed on the property when foreclosed, as Diego suggested, but to record $550k on the tax roll still makes no sense to me.

[pencilneck]

Thank you.

Some of the numbers seem so arbitrary that I still think I’m missing something.

I’m seeing things like a sale in 2005 for $450k, foreclosure listed as a sale in 2008 for $550k, and immediately placed on the market for $399k.

It would make some sense if the $550k represented the total amount owed on the property when foreclosed, as Diego suggested, but to record $550k on the tax roll still makes no sense to me.

[Author]

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