$5,000 Home Foreclosures Selling On eBay
Apparently the U.S foreclosure crises has foreclosure home buyers making bargain purchases on eBay. With some moderate sized homes selling outright (free and clear of liens) for less than $5,000.
There also appears to be (Apparent) bargains among larger character homes. On April 9, 2009 a large 7 bedroom, 3 bathroom, Victorian home located in New Kensington, Pennsylvania received only 3 bids when it sold out right for $10,766.
According to James Massey, publisher of www.AffordableHousingAuctions.com, a free website which tracks the lowest priced homes (foreclosures auctioned nationwide) on eBay. “In our current economic situation, people in hard hit areas are understandably scared to commit to a home purchase, it’s likely affecting the bidding. I’ve been seeing homes in those (economically distressed) areas selling for less than $5,000 for awhile now.”
Massey added; “Regardless of low prices, it’s important to proceed with the utmost of caution before buying in an auction situation. Making sure a neighborhoods safe, the house (structurally) sound, and the title clear, should be a top priority before bidding on anything.”
To see the large Victorian home mentioned in this article, or where the lowest priced eBay foreclosures are currently being auctioned: (Free) Visit www.AffordableHousingAuctions.com or use the links below.
- Contact Information
- James Massey
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