Online House Hunting

How can I find out the REO house estimated sale price?

When I searched yahoo real estate under "foreclosure" I found few houses status in REO. When I saw details, it said "the estimated sale price $80339". Its 3br in Santa Monica. Seems to be too cheap. Is it just how much the previous owner owe? How can I find out real estimated sale price?

Public Comments

1. THE REO IS OPEN TO ANYONE, GO TO YOUR LOCO CITY, OR STATE SITES
2. It really depends how your county handles Sherriff's sale. Locally in Hamilton County Ohio the opening bid is 2/3 of the assessed value. It's rare to see anything sell at this level as most homes being forclosed on have a high mortgage and the banks are bidding on them to protect their interest and be able to file a deficiency lein aginst the previous owners. Check with your county sherriff's office and they should be able to direct you....we have a website where you can look at the Sherriffs sales for the next 4 weeks. in order to find out how much the previous owner owes, you will need to look up the court records, many times forclosures have locked documents, but the notice has to be published. our local publiction is called the court index. Ask around locally to see what your publication is. Good luck
3. Yahoo doesn’t specialize in Foreclosures... I would go to an online listing provider that specializes in REOs and foreclosures. Not only do they have more listings but they have handy tools to guide you through the process. I use foreclosure.com. They have the sale price listed and the estimated value. Happy hunting!