I don't know if you're really in the market to buy, and I know it's been beat to death that this is a buyers market, but there have been some crazy deals on auction properties in my area. A house in my grandmothers neighborhood went for $13,000 two weeks ago. This was a nice house in a decent neighborhood too. I would have bought it myself if I had known about it.
I'm going to check out an open house either this Saturday or next.
ATLANTIC BEACH Foreclosures - 1168 NANTUCKET AVE ATLANTIC BEACH, FL 32233 - Auction.com
It's less than a mile from the ocean with a community boat ramp in the intercoastal waterway. Depending on what the house needs I'll put a $50,000-60,000 bid on it. The starting bid is 29K.
Check this site out.
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