Why is a foreclosed house so cheap?

Related questions

1. Why are foreclosures cheaper?
2. Can I get a mortgage on a foreclosed home?
3. Why are foreclosed homes so cheap?
4. What is the disadvantage of buying a foreclosed home?
5. What kind of loan do I need to buy a foreclosure?
6. Do banks negotiate on foreclosures?
7. Do banks lose money on foreclosures?
8. How long does it take to buy a foreclosed home?
9. How often do banks lower prices on foreclosures?
10. Is buying a foreclosed home a good idea?

Tags

1. #cheaper
2. #holding
3. #value
4. #debtor
5. #because
6. #mortgage
7. #foreclosed
8. #losses
9. #disposing
10. #homes
11. #willing
12. #security
13. #market
14. #holder
15. #house
16. #quickly