If instead you are looking at a realtytrack foreclosure listing forget it. Those are bogus. They are really switch and bait fraudulent ads.
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Sometimes an MLS will list a home that is actually for lease. Those may be monthly rates. However, there are many cities that DO have homes in some areas that sell for prices like those. I know we do in Louisiana. If it is an neighborhood with high crime and no one wants to live there, homes end up with prices in the extreme low end of the spectrum because of owners desperate to sell, bank repos that no one wants, or property in terrible condition. The world we live in.... more