4,000 Foreclosed Homes in the U.S. Sold for Under $1,000 in 2006
May 16, 2007 at 1:28 pm | Posted in Foreclosures, House Flipping, Real Estate Investing | 49 CommentsI just read a rather encouraging article on ForeclosureFetcher.com that pointed out some of the incredibly low prices on foreclosed houses throughout the nation. After checking out some of the foreclosure listings under 5K mentioned in this article I was able to turn a handsome profit on a foreclosed home in Macon, GA I purchased for just $4,900. In this foreclosure flippers humble opinion, you really can’t go wrong with buying anything under 5K. Here is the link to this article. Check it out and see for yourself. http://www.foreclosurefetcher.com/foreclosure-info/Houses-for-sale-for-$5,000-or-less-across-America
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I work for http://www.CurrentForeclosures.com , a foreclosures site, and we have noticed a huge increase in the number of foreclosures across the country. We have also had an increase in the number of foreclosures selling for under $10,000 on our site, and I believe we will see more until the market bottoms out.
Comment by TSmith— July 5, 2007 #
That is encouraging, but I am still waiting for the deals out here in California!
Comment by Robert Mandrake— July 31, 2007 #
There are even more scary mortgage foreclosure statistics which means they’ll be plenty more discounted homes on the market soon. Although if banks are only getting 5K per house they may not auction them off now let them sit on their books at higher book value.
Comment by Foreclosure Alternatives— November 25, 2007 #
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Comment by Steve Burns— March 1, 2008 #
As a West Toronto Realtor, I’m observing the situation on the U.S. real estate market and have read many articles about thousands of families facing foreclosures.
I’m really sorry for that people losing their homes, but on the other site, everyone should be responsible for their bad decisions. And buying a house you cannot afford, is in my opinion a bad decision. On the other site, this people are helping other peoples, who waited for the right moment and bought a house in a auction for a very low price.
Comment by West Toronto Realtor— March 5, 2008 #
So, what are the numbers now for foreclosure homes selling below $1000? Most likely, there is a dramatic increase.
Comment by Eli— July 5, 2008 #
Greetings all members,
I would just like to say hello and let you know that I’m happy to be a member – been a lurker long enough :)
Hope to contribute some and gain some knowledge along the way….
Comment by FinancialServicesRenoNV— March 28, 2009 #
im looking for foreclosure homes under 10.000. im hoping someone can help me find some foreclosure homes under 10.000. thank you
Comment by connie— November 25, 2009 #
what website do i go to inorder to finder forclosure homes 5000 dollars and under.
Comment by taylor washington— June 17, 2011 #
I am looking to invest in a forclosed property. T am looking to start low and invest to rehab the property, the amount that I am looking to purchase a forclosed property for is 1000 dollars and under. If anyone has any information please email me. @ samanthamelodyturner2002@yahoo.com
Comment by samantha melody turner— October 25, 2011 #
i would like to see some of thes that is selling ofre less than 10,000 on the web so i cand see them and go see them do thay relly excess
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