Re: foreclosure on houses
dont know what site youre referring to, but a true foreclosure is sold by a government office (county office in my state). it may be listed at $10k. that is the opening bid on the house because that's what the previous owner owed in taxes.
the wide range is because that is the tax owed. what the house actually sells for at auction is determined by who shows up to bid and the house's market value.
bwana
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