Great Foreclosure Deals

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You know not all banks fix up the houses that they repossess before they sell them so you can find some really good deals out there if you shop around.

Just the other day I saw a house that was foreclosed on. It had four bedrooms and three baths with 1,877 square feet. It was being sold for just $124,000. The reason is was going cheaper is because it needs some repairs such as a new back door and carpeting.

All of the repairs that the house needs would cost about $10,000. After they were complete though the house would be worth about $175,000. Thats a huge difference!

So it is worth looking into some houses that have been foreclosed on and need some work done to them, especially if you can do the repairs yourself.

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It really is worth looking into these foreclosures. If you can buy a house like that for that amount of money, use a few grand to fix it up then turn around and make a $50,000 profit, youve done good.

And its even possible to do even better depending on the price of the house, the repairs needed, the location of the home, etc to make an even bigger profit and being able to do the repairs needed yourself is a great big bonus.