$10,000 Foreclosed Homes Selling On eBay
Apparently the U.S foreclosure crises has some buyers making bargain purchases of foreclosed homes selling on eBay. With some homes selling outright (free and clear of liens) for less than $10,000.
One apparent bargain among larger character homes happened on June 13, 2009. When a large 6 bedroom, 1 bathroom, Victorian home located in Donora, Pennsylvania had received only 2 bids when it sold outright for $7,000.
According to James Massey, publisher of AffordableHousingAuctions.com, a free website which tracks the lowest priced foreclosed homes (nationwide) selling on eBay. “In some (economically) hard hit areas people are understandably scared to commit to a home purchase and it’s likely affecting the bidding. I’ve been seeing homes in those areas selling for under $10,000 for awhile now.”
Massey added; “Regardless of price, it’s important to proceed with the utmost of caution before buying anything in an auction situation. Making sure the neighborhoods safe, the house (structurally) sound, and the title clear, should be a top priority before bidding.”
To see where the lowest priced foreclosed homes are selling now, visit: AffordableHousingAuctions.com
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