I was watching an infomercial last night. It was John Beck's real estate something blah blah... It was talking about how homes are foreclosed with only the property taxes left to pay and you can buy these homes free and clear for the property tax value. A few thousand dollars or even sometimes only a few hundred dollars. I don't see how this could happen. Why would the owner of the house have the home paid off and then get foreclosed on property taxes? Wouldn't they just pay the few thousand dollars then to avoid foreclosure? It doesn't make any sense to me. But if it is true, hey, I would love to be able to buy a home that cheap to live in. My boyfriend and I have been looking for a condo to buy since the market is still down so low. But are these tax foreclosures a hoax or an unknown jewel? Thanks.
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