Yes to see any property that low priced would mean either a rental or a typo.

Dilanthi,

Not knowing the home but knowing the area, we would assume this to be the monthly rental rate.

Dilanthi:

If you saw this in the foreclosure section of this website, then you are looking at RealtyTrac information. They report foreclosure data, not homes for sale and the "price" they show is actually the delinquency on the loan (if they are picking up a Notice of Default, NOD) or the entire loan amount and back payments on the loan in default (if they are picking up a Notice of Trustee Sale). That would make the $5,000 the delinquency on the loan that has entered foreclosure.

As my colleagues below have correctly pointed out, the best way to check anything that looks "too good to be true" is to ask a Realtor to check it out for you. Good luck in finding a great home at a great price and Dare to Dream.

Shel-lee Davis
Real Estate Consultant
RE/MAX Palos Verdes Realty

I would guess that this is a typo...happy to research for you if it is a typo.

Dilanthi,
Where did you see this? If you saw it on MLS, what is the MLS number? Most likely this is a mistake.

Regards,
Ali Moein
RE/MAX Pioneer
20480 Blauer Dr
Saratoge CA 95070