The best states to buy foreclosed homes include Florida, Nevada, South Carolina, and Georgia, which offer a high number of opportunities and strong investment potential. States like Texas, California, Illinois, Michigan, and Pennsylvania also have a high number of REO (real estate-owned) properties, indicating a large supply for potential buyers. However, it is crucial to research local economic conditions in these areas to ensure that buying a foreclosed home is a good long-term investment, as a high foreclosure rate in a struggling market is not necessarily a good deal.
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