Realty Trac posts raw data on foreclosures. When you see small amounts like this it is usually only delinquent HOA due's. This comes down to the if it seems too good to be true it probably is.
Homes in this area (Southern Highlands) start at $85k for a small very basic house on a very small lot.
This is probably a back HOA amt due. Very rarely will you see a property sell at that price. if there's loans on it the banks probably won't allow it to sell at that price. They want some of their money back too.
Penny O'Brien with Simply Vegas
3042 S. Durango
Las Vegas, NV 89117
If I could by that property for $1,365.00 I would make a lot of money when I re-sold it. That is the opening bid amount. The house is being sold at an auction. I can pretty much guarantee it will be sold for a lot higher price or the bank won't sell it, but wait. If you are looking at making a purchase out here shoot me an email or give me a call. We can then define what it is you are willing to buy.
John J. Longeway
Keller Williams Realty So. Nevada