$1 Home sales

[Jason Barnett]

I've been checking this out recently. I found out that whenever a HUD-foreclosed home is on the market for 6 months that it automatically gets sold for $1. Obviously homes that get sold like this are going to need work, but has anyone else ever tried buying / rehabbing one of these homes? It seems like a heck of a lot of potential (hard to go wrong for $1 plus rehab costs :mrgreen: )