Why the price is very lower than actual amount
I am looking to buy my first home. I have seen that foreclosure is a good way to get great deals on homes. I have also noticed that more people do not buy tax lien home. My question is in regard to the price listed for homes on the website, and the realistic expectation to purchase the homes for those prices. I’ve seen homes that are worth $300K, but are listed at $130K on the site. I’ve also seen homes worth $500-$700K, listed on the website at $1,000. Are the banks, that desperate to get rid of these homes, that they will sale the for such cheap prices? How realistic is it, to call the bank, or whoever is selling the home, tell them you are interested in a home that is on foreclosure, and tell them you are ready to buy for ‘XXXX’ price?
