Do banks lose money on foreclosures?

Related questions

1. Is it a good idea to buy a house in foreclosure?
2. Are foreclosed homes cheaper to buy?
3. Why are foreclosures cheaper?
4. How long does it take to buy a foreclosed house?
5. Do you have to have cash to buy a foreclosed home?
6. Are foreclosures cheaper to buy?
7. Should I buy a foreclosed house?
8. Is it smart to buy foreclosed homes?
9. Is it worth buying a foreclosed home?
10. Are foreclosed properties cheaper?

Tags

1. #collateral
2. #payments
3. #interest
4. #first
5. #foreclosure
6. #damaging
7. #money
8. #would
9. #future
10. #value
11. #second
12. #banks
13. #defaults