Why are foreclosed homes so cheap?

Related questions

1. Do you have to have cash to buy a foreclosed home?
2. Is it a bad idea to buy a foreclosed home?
3. Is it a good idea to buy a house in foreclosure?
4. Is buying a foreclosure a bad idea?
5. What kind of loan do I need to buy a foreclosure?
6. What are foreclosed properties?
7. Do banks negotiate on foreclosures?
8. Are foreclosed homes cheaper?
9. How long does it take to buy a foreclosed home?
10. Is it OK to buy a foreclosed house?

Tags

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