If you are looking at:
"Caledonia Pl Melbourne, FL 32940
4 bed, 2 full bath 1,902 sqft Single-Family Home
Foreclosure / Lis Pendens
here are some clues....
1. There is no house number in front of the address - that means you are not looking at a listing for sale, it is only a public record.
2. Foreclosure / LisPendens - if its a LisPendens it is not a foreclosure yet, it is in process, so it cannot be for sale.
3. Do homes in 32940 with 4/2 and 1902 feet usually sell for 16,000 , I doubt it. They likely sell for 160,000 ; now, is it possible the person entering the information left out a 0?
Foreclosure prices are set by the selling/owner bank based on a recent appraisal and recommendations from local agents. Then every 30 days or so the price gets reduced a little until someone buys it. Yes, sometimes you can buy a home for the listed price, when no one else has made an offer that competes with yours....but frequently there are many offers and the highest one gets the house. Exceptions - when the price shown is not the correct listing price (publishing errors).
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