At 07:45 AM 8/16/2008, you wrote:
>I am hoping that it’s really true that some houses can go that low.
>But I don’t understand why. Some foreclosures are very high, and
>some are low.
The reason they can go so low is that they are being put on the
market to try to get what is left of the mortgage. In other words,
the bank just wants what is still owed on the house.
Ann in Arkansas