Are foreclosed homes cheaper?

Related questions

1. Why are foreclosed homes so cheap?
2. Is buying a foreclosure a bad idea?
3. Do banks lose money on foreclosures?
4. Is it a bad idea to buy a foreclosed home?
5. Is it smart to buy foreclosed homes?
6. What is the disadvantage of buying a foreclosed home?
7. Can I get a mortgage on a foreclosed home?
8. How long does it take the bank to accept an offer on a foreclosure?
9. Is it smart to buy a foreclosure?
10. Do banks prefer foreclosures short sales?

Tags

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15. #repairs
16. #foreclosed
17. #louis
18. #government
19. #agencies
20. #homes
21. #market
22. #banks
23. #generally