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It's true that foreclosed properties often sell for less than traditional homes. But if you make an offer that's too far below market value ...

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And in keeping up with the times and ever rising prices, stayed tuned for our new Cheap-ish category featuring a collection of amazing old homes under $250K.

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Dollar Homes are single-family homes that are acquired by the Federal Housing Administration (which is part of HUD) as a result of foreclosure actions.

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