Upcoming Foreclosures

government foreclosures?

I saw a bit on tv last night on government foreclosures. It said that because of back taxes the government will seize a property and then put it up for sale for hundreds to thousands of dollars. Is this true? Can I really buy such a property for only $1,000?

Public Comments

1. Yes it happen all the time. But you have to bid on these property and so do a lot of banks and other people so they do get around 40. to 50,000.00 and more. So it is hard to find one that gos for that low of a prices but it does happen.
2. Sure you can buy property at tax sales for $1000. The problem is it is only worth $500. You will never get a bargain at a tax sale.