Foreclosed properties are selling at discounts that can only be called huge.
The website RealtyTrac says foreclosed homes sold last quarter for 32 percent less than non-foreclosed homes.
That's the largest discount we've seen since 2005. In California, the discounts were even larger, about 38 percent on average.
RealtyTrac says if you want a great deal, offer a low-ball price to the banks. They want to unload properties and there's a good chance they'll take it.
