i am looking at foreclosures going for only $2000. is that actual sale price, or what is owed on the house and then i take over the mortgage?
Answers (1)
FIRST ANSWER
If it sounds too good to be true, it probably is. If there were foreclosures out there for $2000, and that was all that was owed either someone would snatch that up right away or the owner would really be stupid to let their house go for $2000. My guess would be that it's probably a starting bid to grab attention and get a lot of offers. Land value alone would be worth more than $2000.
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