Foreclosures are more common these days, finding a foreclosed property to buy has become a lot easier than it was during the housing bubble. When home prices were increasing in the double digits annually and anyone could qualify for a mortgage , the supply of foreclosed homes was low. Now the the housing bust has arrived in full force, the supply of California foreclosures, Florida foreclosures and Texas foreclosures has gone through the roof. Foreclosures in other states are not that plentiful as those three states but finding one is still easy in any state.

Are you a "project person?" Love all those "HGTV" shows? Want to start investing in real estate? If you've answered "yes" to these questions, this offer may be right for you. CNN Money verifies what HUDForeclosed already knew. Foreclosure properties are selling dirt-cheap and even when you've factored in all the costs of renovation, these properties are amazing deals. Here's an excerpt from their recent article, describing the benefits of investing in "fixer-upper" foreclosure homes: