Foreclosure Home News and Opinion Find Bargain Foreclosure Properties That Need Repair

RealtyTrac VP Discusses Nationwide Analysis of Fixer Bargains

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Homebuyers and real estate investors who are willing to purchase a home in need of repair may find less competition and thus be able to buy at a lower price point in some markets around the country. A RealtyTrac analysis showed that nationwide there are more than 51,000 potential foreclosure fixer-uppers: bank-owned homes that were built before 1960 and with an estimated market value below $100,000. RealtyTrac Vice President Daren Blomquist discusses the top 15 cities for fixer-uppers, along with an in-studio interview with staff writer Octavio Nuiry regarding his story on seven tips to finding, financing and fixing these properties.

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