There have been a record number of home foreclosures in the United States in the last year, with the result that a new trend has started:  Foreclosed Home Auctions.  In some instances, several properties are offered for sale on auction day, with prices often tens of thousands less than the market price of each home.

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Buying a foreclosed home can be a profitable investment if you know how to go about it and what to look for.  As more and more homes all across the United States have fallen into foreclosure, the options for this type of purchase are plentiful.  Contrary to popular belief, though, not all foreclosed homes can be purchased well below the market value so it's important to do your homework first.

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