$0 Down? How About Buy a Home with $250?

Congratulations to Jessica and Brandon, who just bought their first home together. Because they timed this buyer's market so perfectly, they were able to buy 4951 Clearwood Way in the Foothill Farms area of Sacramento for just $205,000 with 100% financing.

The home had sold just a year ago for over $300,000 and was a bank foreclosure.

In a very conservative initial appraisal, the home was valued at $220,000 - about 10% over selling price. When more comps were added at the lender's request, the appraisal value shot even higher - at right around $245,000.

There's no doubt about it - REOs are where the discounts and deals are. And if you've been careful enough to keep your credit scores high, you might just be able to bag this incredible market with just about $200 - $1000 out of pocket!