Bandit sign questions

[Mark Wainscott]

I have noticed a couple bandit signs that have a phone number listed and hand written a street name and a price on the sign, when you follow the arrows it either leads you to nothing or I think maybe one of them maybe a going thru foreclosure.  Being new I decided to call the phone number and I get a recording that you must be a cash buyer only to leave a message. Which then no one returns the call..  

I take it this signage is just used to gain leads? Is it legal to put signs out like that? I have found one actually in a yard pointing to a house that says pre foreclosure. Im still wondering if bandit signs are one avenue to follow or try something a bit different in my area.  What about fake/ghost craiglist ads that just say for sale 3 bdr 2 bath call such and such number? Even though you do not have anything in your pockets yet.

Thanks for the advise and ideas this forum really helps