Luxury home that go through foreclosure can end up with steep discounts that go as deep as 40%. AOL Real Estate is tracking prices on distressed properties in the luxury segment.?
http://realestate.aol.com/blog/gallery/luxury-foreclosures/#photoID-3782217
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Source: http://www.coestervms.com/blog/housingwire/luxury-foreclosures-offer-real-estate-opportunities/
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