I've just seen a condo listed for sale for $1000 that's a foreclosure. Can this be true or is there more to it?

Asked by Lisa Harvey, Las Vegas, NV Mon Nov 9, 2009

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Debbie, Home Buyer, 33156
Thu Jun 17, 2010
Beware of foreclosures especially the Florida auctions/clerk of court - Usually the opening bid is $100 or $1000, but the price goes up fast and you end up with a property with an upside down mortgage. Do your research if you're interested in one of these - go to the clerk of courts website and look up the name on the mortgage - The homeowner typically owes for HOAs and then a huge mortgage. So in this case - BUYER BEWARE. Hope this helps.
1 vote
Steven Epste…, Agent, Coral Gables, FL
Tue Oct 5, 2010
Tell me more .... specifically what did you see & where dod you see it to?
0 votes
Rosie Morot-…, Agent, Miami, FL
Tue Nov 10, 2009
Hello Lisa,'
It's most likely missing a 0 but i can't tell without the adress.Let me know if you need more information, by providing me with the property adress.
Web Reference:  http://www.rosiemorot.com
0 votes
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