Zillow Advice: Buying a Foreclosure - Could someone explain HUD properties odd price history? http://www.zillow.com/advice-thread/Could-someone-explain-HUD-properties-odd-price-history/515013/ Zillow Advice | Zillow Real Estate You are speaking about the ... http://www.zillow.com/advice-thread/Could-someone-explain-HUD-properties-odd-price-history/515013/ You are speaking about the 3614 Lakeshore Road home - it is a fantastic price.  I would not delay.  I would encourage you to be more interested in where the price is now! Sat, 12 Oct 2013 20:21:00 GMT http://www.zillow.com/advice-thread/Could-someone-explain-HUD-properties-odd-price-history/515013/ 2013-10-12T20:21:00Z The initial prices were based ... http://www.zillow.com/advice-thread/Could-someone-explain-HUD-properties-odd-price-history/515013/ The initial prices were based on what was owed to the bank at foreclosure, probably was two loans.  The new pricing $58K was based on the value of the home at current market and in the current condition.  If the home is below market for this area, it probably needs repairs.  You can view the HUD Property Condition Report to see if repairs are needed. Sat, 12 Oct 2013 14:29:00 GMT http://www.zillow.com/advice-thread/Could-someone-explain-HUD-properties-odd-price-history/515013/ 2013-10-12T14:29:00Z Just guessing because not ... http://www.zillow.com/advice-thread/Could-someone-explain-HUD-properties-odd-price-history/515013/ Just guessing because not sure where you are seeing the numbers. My guess is the high prices are when the bank took back the house at auction. They usually bid what is owed and then when they own it they do a current market valuation to list it at what is the current market price. Sat, 12 Oct 2013 13:12:00 GMT http://www.zillow.com/advice-thread/Could-someone-explain-HUD-properties-odd-price-history/515013/ 2013-10-12T13:12:00Z