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numbers

Posted by Kari on March 25, 2007 at 11:10:23:

Hi I am very new to this whole foreclosure thing so I really need to understand what i am looking at. I have looked at some listings like on realty trac and i dont know what the $numbers mean. are these the prices people are trying to sell the houses for or are do they represent the money in default. I see some homes with $7000 or $8000 next to them and they are in some very nice areas. Is it really that easy and cheap to get a home? Also I have heard things like paying pennies on the dollar for homes. Thanks for any info you can provide.

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