A few years ago, foreclosures were exceedingly rare, and the idea of buying a foreclosed property was mostly "for experts only." But with foreclosure signs becoming common in even the nicest neighborhoods, more and more buyers are considering short sales and foreclosures. Banks are looking to unload their assets, including these million-dollar properties.
This property in Hilton Head Island, S.C., is listed at $1.4 million, with seven bedrooms and seven bathrooms.
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