If I am interpreting your question correctly, you are asking why a property shows up in the foreclosure list as purchased for $100 dollars. This is the amount that the bank paid at the foreclosure auction to gain control of the deed on the property. This is because there were no bidders at the courthouse steps auction willing to buy the house for the amount due on the mortgage. The bank will then list the home for sale at fair market value, which in today's market is usually less than the foreclosed mortgage.
Hope this helps answer your question, and if I have missed what you are asking my contact information is listed below.
Tyre & Taylor Realty, Inc.
2765 S. Bay Street
Eustis, FL 32726
There are 278 bank owned and short sale single family home son the market in Clermont right now. Prices range from $35,000 to $1.5 million. Let me know if you'd like more information.
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As an experienced Realtor I will always show you the prices of the property and what they mean. I will also show you based on a property analysis, what a fair offer would be.