Buyer beware. With the announcement that Microsoft had banned potentially one million modded Xbox 360 users, Craigslist and eBay are seeing a flood of consoles. The consoles are quite a steal packaged with games, controllers, listing “custom firmware” and some prices are a steal.

Microsoft’s Larry “Major Nelson” Hryb paired a statement with the banned console announcement last week that “the warranty on an Xbox 360 console is not transferrable, and if you purchase a used console that has been previously banned, you will not be able to connect to Xbox LIVE.”

Banned consoles lose all connectivity to the Xbox Live network, even on accounts that haven’t been banned. Games are still playable offline, however.

According to Yahoo tech news “A search on “modded xbox” run against the the New York City Craiglist portal brought back over 200 listings from November 5. Another through the Chicago Craiglist portal returned 195 listings for the same period.”

Some sellers are open and honest. “Looking to sell my banned modded xbox 360,” reads one New York Craiglist ad. “own all the originals…but wanted to have extra incase the originals got scratched.” Games typically include blockbuster titles like Forza 3, Call of Duty: World at War, Halo 3: ODST (on two discs), Batman: Arkham Asylum, and Brutal Legend, and movies like Up and Cloudy With a Chance of Meatballs (which isn’t available on DVD yet).