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November 24, 2008

Foreclosed Homes

Are foreclosed homes a smart investment? The answer is a resounding, Yes! But, there are a few catches. First, you need to understand the foreclosure process. Secondly, you need to be able to wait out the housing crisis.

Currently, more than 11,000 million foreclosed homes sit vacant. Nearly every metropolitan city street is peppered with distressed properties in need of repair. The majority of these houses are priced to sell. While purchasing houses under market value is the key to turning a profit, it is of particular importance to thoroughly inspect every inch of foreclosure real estate.

Real Estate Investing article on "Foreclosed Homes "