Even though the bulk of the housing crisis has passed, you'll still find more bank-owned homes than usual for sale across the country. Even in the best of times, there are always a few.
Bank-owned homes here in Davie do usually offer good value for the money. The owner wants them sold and has no emotional attachment to prevent reducing the price if they don't sell quickly. Whether they're right for you depends upon whether you're willing to deal with a bit of clean-up, fix-up, and uncertainty.
Some banks will do initial cleaning, and some will actually make repairs (1 comments)