That’s like saying “This broken iPhone 13 sold on eBay for only $80. That’s a big problem.”
An LLC paid $25K because the bank owning the home was willing to sell it for $25K. And that’s not because the bank hated money. If someone else had been willing to pay more then it would have sold for more. That’s how foreclosure auctions work.
Foreclosed homes generally sell for a lot less because the occupant often causes a legal and physical mess and most home buyers are not interested in dealing with it.
Ofcoarse it went cheap. It had a crazy gunman living in it. Only LLCs would ever dare to buy a house like that. Would you bid on a house where the old owner will definitely come back and murder your family?
An LLC bought a house in America for $25,000 in 2023. That’s a big problem.
And seeing as you didn’t seem to pay attention the first time I will say it again … this is not a justification, but it is a reason.
That’s like saying “This broken iPhone 13 sold on eBay for only $80. That’s a big problem.”
An LLC paid $25K because the bank owning the home was willing to sell it for $25K. And that’s not because the bank hated money. If someone else had been willing to pay more then it would have sold for more. That’s how foreclosure auctions work.
Foreclosed homes generally sell for a lot less because the occupant often causes a legal and physical mess and most home buyers are not interested in dealing with it.
Ofcoarse it went cheap. It had a crazy gunman living in it. Only LLCs would ever dare to buy a house like that. Would you bid on a house where the old owner will definitely come back and murder your family?