Are you thinking of buying a home, but worried that you missed the best opportunities to buy foreclosures for well below market value? Don't worry, there are still plenty of deals to be found, you just need to know where to look. With the process taking several years in some parts of the country, there are homes that have been sitting on banks' balance sheets coming on the market every day. Here are the hottest states for foreclosure activity according to the latest data, and a little information on each state's market.
But remember this...
When buying a foreclosure, its important to keep in mind that nothing is free. Foreclosures are cheap for a reason, and usually this reason is they need considerable work done. However, even when you take this into account, foreclosed homes are usually still a very good deal for those willing to put the "sweat equity" into the house!
This little-known tax "loophole" can help pay for your next home
Recent tax increases have affected nearly every American taxpayer. But with the right planning, you can take steps to take control of your taxes and potentially even lower your tax bill. In our brand-new special report "The IRS Is Daring You to Make This Investment Now!," you'll learn about the simple strategy to take advantage of a little-known IRS rule. Don't miss out on advice that could help you cut taxes for decades to come. Click here to learn more.