Normally, About.com's answers are a little generic for me. Hey, you can't please all of the people all of the time. But here's a good one: Why foreclosures sell for less. Thanks, author Elizabeth Weintraub; this answers are short, to the point, and TRUE.
Home » About.com » Elizabeth Weintraub » foreclosure » Why did the foreclosure we tried to buy sell for less? Courtesy of About.com