Foreclosures are definitely a great way to get the best deals in today’s real estate market. Banks and lenders often price foreclosures lower so they can sell the properties in less time. This is no doubt a horrible situation for the homeowner who got in over their head with a home they could not afford; however, on the flip side these homes sell for 80-50{7c352f4fa08585812fe49d64b966ab1fc9eda250e0643651a7855d798aa89d13} of their actual market value, presenting an amazing opportunity for you.
Many factors will figure into your offer, including regional real estate appreciation and the potential for increasing value. Some government agencies require that offers …