[goldstategop]

A foreclosure is risky. You might be getting a house whose true value is undervalued precisely as its often in need of expensive and extensive repairs to make it livable. It might not be that bargain dream home that at first glance you thought was right up your alley.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." -Manuel II Paleologus

[TheLion]

I get letters from companies all the time wanting to buy my house sight unseen, and as is, all the time. At aprice well below market I know.

The point is that there is a lot of money in realestate, especially when the forclosed price represents a 20% gain or more on the money invested.