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Las Vegas Area Foreclosure Listings - do you have the whole story?
I had a call this morning about an online foreclosure listing for here in Henderson, NV. This single family 4BR home was supposedly listed in the $40,000 range, and had the street address. I immediately knew this wasn't possible. I wish there were homes priced like that, I'd be out buying as many as I could. I still pulled the listings for the area, and the correct prices. Sadly I had to explain this to the caller, but I'm really glad they called. It opened my eyes to a problem that I knew required some research, and an explanation.
 
I searched the entire Las Vegas Multilist for any property under $40,000, and 4 turned up. Two were manufactured homes, one a locally listed vacation condo in Thailand, and the last one a condo built in 2005 in the north end of the valley. The listing on that last condo mentions it is in need of heavy refurbish, including no kitchen and needing drywall, to name a few. From the description, and the price, it leads me to believe the property is gutted. The only photo is a building exterior.
 
After that I found another online foreclosure listing for Henderson, ... more

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