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Short sales of distressed homes and foreclosures continue to weigh down prices in Nashville. For February, home prices were down by more than 3% from last year.

Foreclosure houses for sale are popular among the current crop of homebuyers, realtors reported. However, most of them are looking for a well-maintained house.

In 2010, buyers of foreclosure homes for sale enjoyed as much as 28 percent discount. This could mean further decline in home prices as supply of repos grows.

Buyers finding distressed homes for sale and cheaper houses often make purchases during the winter, realtors reported. This explains price declines in January.

To search foreclosures by state is one way to organize your approach to foreclosures investing. You get the chance of analyzing the housing trends of various locations and pick the one you can concentrate.

Bank foreclosed homes buyers trying to secure a home equity loan will face various hurdles. Analysts have asserted that not a lot of applicants get approved.