Monday, December 15, 2008

Cedar City Foreclosures

Are you in the market for a Southern Utah home? If so you may want to consider a Cedar City Foreclsoure. The reason is pretty simple really. Banks will often let REO's go for 60% of thier appriased value or less. This means you are buying your home for a 40% discount.

The reason banks will do this is because they make money by lending it and collecting interest. When they own properties they are not making them interest. This is why they are willing to sell at such a steep discount.

SO if you are looking for a great home at a great price I have a free list of Cedar City Foreclosures on my personal website.

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