Why are foreclosures cheaper?

Related questions

1. Is it OK to buy a foreclosed house?
2. Is it a bad idea to buy a foreclosed home?
3. How long does it take to buy a foreclosed house?
4. What kind of loan do I need to buy a foreclosure?
5. Why are foreclosed homes cheaper?
6. Is it easier to buy a foreclosed home?
7. Is buying a foreclosure a bad idea?
8. Is it smart to buy a foreclosure?
9. How long does it take to buy a foreclosed home?
10. Is it smart to buy a foreclosed home?

Tags

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