… is a good starting point to find foreclosed homes, according to the show’s financial contributor, Vera Gibbons, on this morning’s live broadcast:

“A lot of people may find themselves overwhelmed. Whats a good starting point? Web sites … Foreclosure.com…. There are really good values here [at a foreclosure auction]. You could save 30 percent, 40 percent. In some markets off up to 80 percent off the potential market value. Great, but here’s the thing: Very risky way to go here…. The safer way may be to go back to the bank. In the final stage it goes back to the bank — 50 of 100 properties are now going back to the banks. Over 1 million properties this year will be bank owned. So theres a lot of selection. So that means good prices. When you have a glut of inventory, the prices are good. Very good values here. This is actually the safest way to buy. Easiest way to buy. You can check the place out, do an inspection, finance traditionally with a traditional mortgage…. The bank-owned would be the way for the first-time buyer in particular if someones looking to buy a second home or vacation home.”

It sounds like she knows her stuff … really, really well.

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