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Tons of cheap houses in Florida -- what's the catch?
Changed over to satellite TV a couple months ago and there's this channel where they auction off property a couple times a week. The properties are mostly on the western coast of Florida, south of St. Petersburg.
They look really nice. A 2000 square foot house with a 1/4 acre lot, only 4 years old. Some condos that have never been lived in because the builder went bankrupt and so did the bank that took them over. Everything looks really nice and is in perfect condition. And they're selling for around $80k.
Sounds too good to be true. What's the catch? Blacks? Mexicans?
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