by parkerbabe on November 19th, 2008

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Are these websites that tell you the default price of a foreclosed house legit? What is the "default price" and do you only have to pay that to get into the house? They give you a week free search but then charge $10 a week to keep looking.

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by Scott D - ex-QnA on November 20th, 2008
The majority of "foreclosure" websites are nothing more than lead generators. The data are often stale or bogus. From what you say, you found one. ;-)

Such "default" prices are much the same as "opening bids" on auctions. They bear no relationship to anything realistic.

If you are a serious investor, you would be much better serve working with a licensed Realtor that specializes in bank owned and foreclosed properties. A Realtor will help identify REAL deals at realistic prices, not vapor.
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Are these websites that tell you the default price of a foreclosed house legit? What is the "default price" and do you only have to pay that to get into the house? They give you a week free search but then charge $10 a week to keep looking.

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Are these websites that tell you the default price of a foreclosed house legit? What is the "default price" and do you only have to pay that to get into the house? They give you a week free search but then charge $10 a week to keep looking.

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