Real Estate

http://realestate.aol.com/listings-Oakland-CA#/sort-price/order-asc/page-11

I have been searching for a home in oakland CA because I heard of the high foreclosure rates, but it doesn’t make since that you could buy a home for $3,000.

What are the real prices of these homes?

Those look like they might be redemption prices, how much was not paid. Foreclosures sell for about 90% of fair market value.

Without addresses it is hard to tell what the real prices are, but I will see if I can find an example and post it.

edit:

That took me awhile. They are pulling default notices and calling them foreclosures. Those homes are not for sale at all and have not been foreclosed on. The owners are late paying their mortgage, but that is the extent of it.

I found one real foreclosure, http://realestate.aol.com/foreclosures/Surrey_Ln-Oakland-CA-94605/4.32112323

However they are saying it is only 459,146 when the actual list price is $599,000

Listing the default notices seems to be a lure to get you to pay for information that is actualy free.

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