Why is this piece of land so cheap?
Hey BP,
I was scrolling through the foreclosure listings and stumbled upon a piece of bank owned land asking $120. The land didnt get sold during the foreclosure process, and has been on the site for over 400 days. What are some things I need to look out for in order to not fall into any traps such as liens on the property etc. ? Why could it be so cheap??
Property Information
- Price: $120
- Lot Size: 31798.00 SF
- Day(s) On Site: 425
- Tax Year: 2016
- Parcel Number: 087258.1436
- Property Tax: $65
- Property Type: Land