House sold for $1000

8 Replies

People who lived at the house next to me have disappeared and the house is vacant. I can’t get in touch with anyone and I have no information about the house, until recently when I was browsing Zillow and now it says that the house has sold for $1K on 02/02/18. Mind you, this is NYC. What does this mean? Foreclosure?

Yes & that is likely the starting bid.

Zillow is notoriously incorrect. I sold a house for $250k and Zillow says it sold for $143k...

How do I go about finding which bank it is? I’m new

It doesn’t matter who the bank is......they won’t sell directly to you and they didn’t really pay just $1k. Auctions go like....”bank is owed $487,624 , and bank will bid up to that amount. Opening bid is $1,000, any bidders?”

@Redion Kadilliu If the home was ever listed on the MLS, you may want to check with a real estate agent for a more accurate sold price. Good luck!

Need to search title and determine the recorded sold price It could to father sold son $1K for that matter.

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

Lock We hate spam just as much as you

Join the Largest Real Estate Investing Community

Basic membership is free, forever.