In some cases, you can buy properties for very little--in Detroit, for example. But there are reasons why--there's almost no demand for such properties.
Sometimes you'll see tax sales of property at very low prices. That's usually because the property is in terrible shape or you can't do anything with it. For example, it might be a lot that's too small to build on, or a landlocked slice of land with no access to the road.
Hope that helps.
DO NOT BOTHER USING TRULIAS FORECLOSURE SEARCH...All of Trulias "foreclosure listings" are just RealtyTrac Ads designed to get you to go to the RealtyTrac site and subscribe to their pay service..
Trulia provides this information in it's FAQ..
Trulia Help Center > Overview > Partners > Where do you get your foreclosure information?All foreclosure listings are provided by RealtyTrac and display basic foreclosure information. In order to view full foreclosure details, users must register with RealtyTrac. RealtyTrac offers a 7 day free trial, but charges a subscription fee after the initial trial period"
If you would like to research/find Tax Sales or find public records (Property info ect.) then you may find it worth your time to review this..It's all FREE and is provided by Government Entities.
The Banks and Gov. have created web sites to provide the Public with all the information needed to understand the bid/purchase process they each use and a place to view all their available Properties....
Sites like... (Wells Fargo properties) http://www.pasreo.com/pasreo/public/propertySearch.do
http://bankofamerica.reo.com/search/propertysearch.aspx ... http://portal.hud.gov/portal/page/portal/HUD/topics/hud_homes ... http://portal.hud.gov/portal/page/portal/HUD/topics/homes_for_sale
Give this a look for the links to these and many other FREE Gov/Bank sites created for the public to use.
There are some homes that can be had all over the country for $500 to $1000 depending on condition.
One can buy them with credit cards etc.
Also sometimes the banks list them at a $1000 to generate a multiple offer situation and these get over bid.
The ones you are referring to on Trulia in 33173 Zip Code have not been foreclosed yet, or are in the late stages, and should be available soon.
But chek in Detroit and Ohio, you can find a few at sub $2000.
Look at http://www.realtor.com They have all the real properties listed. If it is on there it should be a real for sale property. If not and it does not appear in a day or 2 it is either fake (like from realtytrack) or sold.
Also, keep in mind that most of the $1+K properties, that I encountered, required at least $20+K of work. So you'll need to account for this too.
Best of Luck to you!
Lisa Jones, GRI, SFR
ERA Tom Grizzard Realty