| The real estate and economic crisis in the United | | | | else's loss, which means that *some* good can come |
| States only continues to get worse. Both home | | | | from the crisis. Foreclosed homes are usually sold at |
| owners and banks all across the country are | | | | auctions for a faction of there true worth. Lenders |
| suffering due to foreclosures leading to seized | | | | will allow the foreclosed homes to sell well below |
| properties. Bank foreclosures and pre-foreclosures | | | | market value, for more details visit to just to quickly |
| haven't been this high since the Great Depression. It's | | | | get rid of them. They will receive at least some of |
| such a tragedy that so many Americans, hard | | | | the money back. This can be a good thing for others |
| working for the most part, have to lose their homes. | | | | who are looking for good deals on a home, such as |
| It's not the 'American Dream', but rather the | | | | low income families who wouldn't normally be able to |
| 'American Housing Nightmare'. | | | | afford a nice place to live. And many of these |
| So what happens to homes after they're foreclosed? | | | | foreclosed homes are nicer then you'd expect. |
| Obviously, someone else will gain from someone | | | | |