AffordableHousingAuctions.com is a free website which tracks low cost home prices across the United States.
Online PR News – 11-November-2009 – – Online PR News – 04-November-2009 – Apparently the U.S foreclosure crisis has cheap home buyers making unprecedented bargain purchases, buying houses in some areas outright (free and clear of liens) for less than $5,000.
A recent cheap home sale took place October 8, 2009, where a large 4 bedroom, 2 bathroom, Victorian home (pictured) located in Oil City, Pennsylvania received 23 bids (Selling on eBay) before it sold out right for only $4,100.
According to James Massey, publisher of AffordableHousingAuctions.com a free website which tracks cheap home & foreclosure auctions nationwide: "I’ve been seeing homes in some (economically distressed) areas selling below $5,000 for awhile now."
Massey added; "Regardless of low prices, it’s important to proceed with the utmost of caution before buying at auction. Making sure a neighborhoods safe, the house (structurally) sound, and the title clear, should be a top priority before bidding on anything."
To find out where other cheap home & foreclosure auctions are happening: (Free) Visit AffordableHousingAuctions.com or use the links below.