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Updated about 5 years ago,
Buy a $368,854 condo for $40,784.25 on auction?
Hey BP community! I wanted to get some opinions on a property for sale on an auction:
Here are the property specs:
Zestimate: $368,854
2 beds 3 baths 10,60 sqft
Location: Duarte, CA
The amount of secured indebtedness with interest and costs is
$ 40,784.25
(Amount subject to revision)
This seems too good to be true... buy a $350,000 condo for $40,784.25? What am I missing here? Are there any extra payments I should be aware of? I have never bought a foreclosure before so I don't know if this is normal or not. If you need more info, let me know.