On Apr 3, 7:31*am, Chris Tsao wrote:
http://www.homepath.com/listingdetai...use=&src_ref=&...

This is the cheapest mansion I've ever seen. Keywords "REO" (meaning
foreclosed) and "foreclosed" call up web sites with the best priced
houses in America. This begs the question Can anyone who has the money
to buy a foreclosed house get to own it, or is there a catch? My guess
is that buying a house way way waaaay " " " *below it's market value
is too good to be true.

Also, can you keep on buying foreclosed houses and reselling them at
their market value or are you only limited to one house?

Buy alll you can, 11000 taxes, maybe 7000 utilities, 3000 insurance,
15000 mortage, upkeep, repairs, then if it stays vacant you go broke
too, its a big house.