Why are foreclosed homes cheaper?

Related questions

1. How often do banks lower prices on foreclosures?
2. Is it a bad idea to buy a foreclosed home?
3. Why is a foreclosed house so cheap?
4. What are foreclosed properties?
5. Should I buy a foreclosed house?
6. Are foreclosed properties cheaper?
7. What kind of loan do I need to buy a foreclosure?
8. Do banks lose money on foreclosures?
9. What is the disadvantage of buying a foreclosed home?
10. Is it smart to buy foreclosed homes?

Tags

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