Houses sold for just $100! But banks’ deals short taxes
Hundreds of houses in Greater Orlando are bought each week for just $100 apiece — even in upscale subdivisions such as Baldwin Park.
But don’t run to the ATM just yet. There’s a catch.
The bargain prices only benefit the banks foreclosing on the properties. They’re so determined to protect their investments that they flex their bidding muscles at the start of public auctions.
And when they get those houses for that lowball opening bid of one Ben Franklin, it could be costing the state millions of dollars in lost taxes.