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Updated almost 12 years ago on . Most recent reply

Account Closed's profile image
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Account Closed
  • Real Estate Investor
  • from Mendocino County, California
  • Member since Jun 14, 2011
Account Closed's profile image
Account Closed's profile image
Account Closed
  • Real Estate Investor
  • from Mendocino County, California
  • Member since Jun 14, 2011
Account Closed
  • Real Estate Investor
  • Mendocino County, CA
2
Votes |
93
Posts
Buying & Selling Real Estate

Foreclosed lots. Why so cheap?

Account Closed
  • Real Estate Investor
  • Mendocino County, CA
Posted

I see foreclosed lots around warzone cites (Cleveland) for 5-$10. Why so cheap? Back taxes? Are banks just that desperate (They can't be, even there they have to be worth a few hundred)?

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