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Updated almost 17 years ago on . Most recent reply

User Stats

369
Posts
82
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Ingrid Nagy
  • Property Manager
  • Passaic, NJ
82
Votes |
369
Posts

Is this a scam?

Ingrid Nagy
  • Property Manager
  • Passaic, NJ
Posted

In my search for a home in a small FL town I've probably seen just about every MLS listing out there over the last 8 months, specifically looking at REO's. Saw a recent ad on craigslist by a broker advertising a fixer upper for $36K. The ad led me to a HUD website that gave detailed info-property details, inspection report of HUD, etc. etc. (more information than I've ever seen on a normal MLS listing). What intrigued me was that a different broker had previously sent me this- I recognized the photo. I looked through the property listings and found this same home presently listed through MLS at $52,500. When I googled the address I found the same house advertised in Homes/Land sites for $90K. I'm wondering who actually has this listing and what the actual asking price is!!!. When I perused the HUD website further, it gave me detailed info on recent bids showing the last bid was $20K. Boy am I losing faith in honest marketing!

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