Bank owned properties and short sales are everywhere. Typically they are in rough shape, after all if someone couldn't pay their mortgage they most likely aren't spending money to maintain their homes.
In my career I waded, yes waded, through hoarders properties, I've been in homes that have had the utilities off for months and families are still living there (pu). All kinds of nasty can be associated with foreclosures and short sales that I just won't go into; your welcome. So it is rare when a foreclosure is in great condition.
I feel like I have struck gold with two new listings in Night Harbor. Bank owned properties in excellent condition! Very rare and priced to sell.
It's unfortunate that current economic conditions have forced this situation. I see a golden opportunity for anyone in the position to take advantage of low interest rates and below market pricing.