[First time mom!]

A friend said that he just bought a 6bd house for $10,000, in our area where houses are going for about $250,000. He said he bought it at auction and it was a foreclosure? Does this sound real? How would I look into doing this?

[195001]

this sounds very real, especially if you look at the state of our economy!some scum bags decided to buy homes that cost upwards 600k, with a 5 figure salary! so as a result, once their property depreciated, BAM, foreclosure.it's a pretty good time to buy property, i guess, but its risky, because the price can still drop even MORE.i can't really say how you would do if you followed, because i'm not familiar with your financial standing, but if you've got some cash to kill and a desire for a new home, go for it!oh yeah, and make sure you check the house too.. you don't want the walls to be filled with dead bodies or cocaine >.>. (friend's experience with purchasing a foreclosed home)hope that helped!