HI Christpher,

There are many factors to be taken into consideration when looking at foreclosures. For example the location and condition of the property make a big difference in the pricing of the property. Also keep in mind if you see some properties advertised for $2000, $5000 etc, these are properties that are going up for auction and are not bank owned yet, that is just the deposit amount required being advertised. Are there any particular properties or areas you had in mind? I would be happy to help.

I often list homes below market value to create interest and generate multiple offer fast. The home always sells at market value...it just sells faster.

It's hard to tell exactly what you are asking from this question, but my guess is you've been searching some of the foreclosure networks. I think I know what you are talking about though. You will occasionally see a listing for around....2000 dollars or something. In all honesty I think this is just a tactic to get your attention and get you to click on their listing.

There are some amazing bargains right now in the foreclosure market, but a 3bd home in decent condition is not going for 2000 dollars anywhere. If you click one of these listing you'l probably see the seller "accidentally" put the monthly payment in the price column or something like that. Best of luck!

Hi, I have notice on high price REO properties that sometimes, no one , either the lender (owner) or an agent has gone to the property.
Picture(s) is 5 year old and have no idea of the condition of the property. Those are the high price properties.

Foreclosure is the time between Sheriff Sale and end of redemtion period. But the word is use wide for Real Estate Owned (REO) by lender / mortgage servicers.

The low price could be the "Buy Now" price. If it is an action, it will begin very low.