The Real Deal Miami

Orman says foreclosure could be best option

February 09, 2009 02:44PM

With foreclosed homes in some areas of the country going for the same prices as cars, should people be looking seriously at foreclosed home purchases? Good Morning America’s Diane Sawyer speaks to personal finance guru Suze Orman about the pros and cons of purchasing foreclosed homes and when the housing market might bottom out. Orman advises homeowners to foreclose rather than throw all their money into a home they cannot afford.