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Million dollar foreclosures

Foreclosures can be bargains for budget-minded house hunters even when they're in the market for seven-figure homes. Trulia, which provides information on homes for sale, neighborhoods and housing trends, provided the following listings of deeply discounted foreclosed homes.

1 of 7
Falls Church, Va.
Falls Church, Va.
Price: $1,044,905
Estimated value: $1,044,905*
Last sale price: $1,182,786 (December, 2007)
Bedrooms: 5
Baths: 6
Square feet: 3,704

Description: Cherrywood cabinets? Check. Granite countertops? Check. Viking range? Check. Stainless steel appliances? Check. The gourmet cook's kitchen in this suburban D.C. chalet has it all.

The house also boasts a secluded master suite, a coffered-ceiling family room and formal dining room. There's plenty of entertainment space with a separate family room for the kids.

Falls Church is a tony, within the Beltway town, very convenient to government offices. According to Trulia, the real estate search engine that provides information on houses, neighborhoods and trends, list prices of bank-repossessed properties sell for an average of $289,900, 36% less than non-foreclosed listings in the town.

For further information: Trulia
NEXT: Alpharetta, Georgia
Last updated March 20 2008: 9:54 AM ET
*Estimated value is from an automated valuation model based primarily on comparable sales from RealtyTrac, the online marketer of foreclosed properties.