Keep in mind Banks have Appraisers and they know the true market value of a home. They will not mistakenly under price a multi-milion dollar home.
Should you need more help please email me privately with the details at email@example.com
Bank/Gov (REO/Foreclosure) sites created to provide access to the Public.....Sites like...http://www.homepath.com/ ... http://www.countrywide.com/purchase/f_reo.asp
http://hud2.towerauction.net/CA.htm ... http://www.wamuproperties.com/
Links to these sites can be found here... http://www.mortgagenewsdaily.com/wiki/REO_Database_List.asp
Good luck, Dunes
Call me direct, please 310-694-2288
Prudential California Realty-PDC
Just say "Cedar St. between Main & Orange" , I am registered with Realty Trac & can find it for you, even if you're "just looking" right now.
Some of the listings on RealtyTrac are not actually foreclosure listings but perhaps a $100,000-500,000 loan in default and a property headed into foreclosure that will be priced much higher. When you see really low prices for the area, there is a good chance this is the case. You just need a good agent to keep you informed of foreclosure property in that area and find the property that fits you best. If you need info on all real foreclosures in that area please let me know.
Keller Williams Realty