Hi Josephine,

It appears that there was some confusion - I do not see any record of 287 E. Capital being in foreclosure - Last year, 227 E. Capital was in the foreclosure process, but the file was withdrawn. As for the asking price of $26,900, as you can probably guess this is a typo - it should be $269,000.

There are definitely "distressed" properties available right now, whether pre-foreclosure, short-sale or bank owned so it is a great time to buy - See my blog at the link below that illustrates a comparison of buying one of these townhomes now versus 12 months ago. And of course for first time homebuyers, don't forget about the $8,000 tax credit.

I cant seem to get the address, It looks like it should be easy to find, Check the price. It looks too good to be true.