A $1 million California house for less than $600,000? A Las Vegas mansion at 42 percent less than market value? In some of the toniest parts of the U.S., buyers can snap up luxury real estate for a fraction of its actual value. The "savings" is the listing-price discount compared with the estimated market value of the house. All of the properties are bank-owned foreclosures. By Prashant Gopal
Foreclosure Bargains on the Block
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