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Is that preforeclosure really for sale?

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First Team adds RealtyTrac data Prospective home buyers searching for property listings at the Web site of Orange County, Calif.-based First Team Real Estate can now access information on foreclosures and preforeclosures from RealtyTrac. The site now provides access to properties in all three stages of the foreclosure process: preforeclosure, auction and bank-owned "REOs." After running a search query, visitors must register to see details on the properties that are returned. Registration is free, but requires users to create a password and enter their e-mail address and phone number, generating leads for First Team agents. Many homes in preforeclosure are not on the market and their owners do not intend to sell them. Although preforeclosure properties that turn up in the search results at First Team Real Estate are accompanied by dollar figures, a disclaimer informs users that the dollar amount is not the list price, but a default amount or remaining balance o...