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Why are some of the home listed for $1.00 sale price? (I am refering to forclosures)

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March 02 - Central Colorado Springs
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Homes for Sale
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     For Sale: $107,500

    • Beds: 3
    • Sqft: 978
    • Baths: 1.0
    • Lot: 5662
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     For Sale: $139,900

    • Beds: 3
    • Sqft: 936
    • Baths: 1.0
    • Lot: 7753
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     For Sale: $194,900

    • Beds: 3
    • Sqft: 2682
    • Baths: 4.0
    • Lot: 12371