Foreclosure Acreage on Sale on eBay!

Foreclosure Acreage on Sale on eBay!

I was searching my favorite auction site and one of my top resources for searching for foreclosed homes - also known as eBay - and came across an interesting acreage foreclosure listing.

It is a 1.32 acre site in Arizona which was foreclosed by the Government for non payment of taxes.

Here's a snippet from the auction page:

"This land was foreclosed on by the government for non-payment of back taxes! We traveled to Arizona and bought this land at dirt cheap prices and we're passing the savings on to you!"

You can probably access this auction for about 2 more weeks directly from eBay. After that, they remove any references. Here is the shortened link to the eBay Foreclosure Auction:
http://tinyurl.com/ny2w8

I would recommed some due diligence and reading of the fine print. At first, I thought this was an auction for purchase of the foreclosed acreage. But looking closely, I see it's only for the downpayment. The lucky buyer will still be responsible for the mortgage on this lot.

Who knows. This could be a great deal. I have no clue and have no interest in researching it. But as I always say, do your research.

Happy investing.

Filed under: Foreclosure Inevesting

Foreclosure Property Research Just Got a Lot More Fun

Foreclosure Research

I was checking property values using my favorite property estimation tool, Zillow.com, when I noticed something very strange.

I was actually looking right at the house!
The actual house.

Now, that's ingenious. Being able to see what the foreclosure home looks like from a "bird's eye view" is just awesome.

It uses Microsoft's Virtual Earth to get closer to the potential investment property than anything I've seen.

All you have to do is to click on the house and click "see home details"

This cool research tool anables you to see the condition of the house and the neighborhood.
Especially comes in handy when looking for a property in a different state when you'll be investing as an absentee buyer/investor.

Give it a try. It's free!
You get an estimate of the value, get a map, directions to the home and a close up picture.

filed under: foreclosure research