Here are 10 of the most common myths about real estate foreclosures:

Myth 1:  Foreclosures aren’t available in the current market.

Myth 2:  Foreclosures only happen in poor areas.

Myth 3:  Financial irresponsibility causes most foreclosures.

Myth 4:  All foreclosures are in disrepair.

Myth 5:  Lenders want to foreclose on homeowners.

Myth 6:  Foreclosed homeowners never actually get kicked out of their homes.

Myth 7:  Foreclosure buyers usually take unfair advantage of the homeowner.

Myth 8:  Foreclosures can be bought for pennies on the dollar.

Myth 9:  Foreclosure investing is an easy way to get rich quick.

Myth 10: Foreclosure buying is only for professional investors.

Foreclosure Bargains