Is a $5,000 dollar house that is REO really $5,000 dollars???

Asked by Anthony Rodriguez, Las Vegas, NV Wed Jun 18, 2008

i see houses listed as REO with a price of $5,000. Is there something i am not understanding? it can't possible be $5,000.00 that would be insane.

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3
Jennifer Kre…, Home Seller, 95124
Sun Jun 22, 2008
BEST ANSWER
Sounds like a typo. Ask your realtor to look into the details.
0 votes
Norman Aless…, Agent, San Jose, CA
Fri Jun 27, 2008
Hi Anthony'
Your right that would be insane, first check to see where this property is, second see if its an Auction begining price, third and MOST likely it's a typo as there are NO properties that cheap in Santa Clara County.
I do offer a FREE REO (Bank Owned) property search, just email me with your needs and wants and I can set it up for you, or if you like just log onto my web site and put your own search in..
Sincerely,
Allyson
0 votes
Cherie Colon, Agent, San Jose, CA
Wed Jun 18, 2008
In the SIlicon Valley area I know of no single family homes that are for sale anywhere near this price range.

Happy Hunting!

Cherie Colon
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