Are Foreclosures A Real Deal?

Foreclosures make up a large segment of the housing market at this time, accounting for around 19% of total sales. This percentage is much higher in areas that went from boom to boost, such as in the states of Florida, California, and Arizona. 1 in every 371 housing units received a foreclosure filing in September.

The question is posed. Does buying a foreclosed property save you money?

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