You hear all about the great deals people are getting on foreclosed homes lately. There are several on the market. The home on the left is for sale in Pelham, Alabama. THIS ONE is a Great Buy at $299,900. Some are good deals and others are a nightmare. Remember, foreclosed homes - which are homes that have been taken away from people who bought them and then didn't pay for them are sold AS IS. Most are sold by banks and they just won't do repairs - that is (2 comments)