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Buy a wreck: 5 foreclosure specials

Banks don't always fix up repossessed homes before they sell them -- which means some great deals for you. Here are five bargains from around the nation.

1 of 5
North Carolina
North Carolina
Price: $124,900
Beds: 4
Baths: 3
Square feet: 1,877

Description: Sure there's a little rot on the back door, the carpeting is nasty, it needs a new range, and there's water damage on the ceiling, but this Monroe, N.C., home is still a bargain.

All the problems are minor and should cost less than $10,000 to repair, according to Kim Gandy, a Re/Max agent. Once back to mint condition the home should be worth about $170,000.

The eight-year-old house comes on a third-of-an-acre lot, has central air, a master bath with dual sinks, and a brick fireplace. There's even an in-ground pool, although it needs a new liner.

For further information: Trulia

NEXT: New Jersey
Last updated November 05 2010: 6:01 AM ET
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