Buying a home that was a power of sale or foreclosure listing can result in huge savings. Not only could you save significantly on the cost of buying the home, you could get more house than you thought you could afford.

Some who look at foreclosure listings do so because they want to save money and get a cheaper house. Others want to buy a bigger house because it’s so dirt-cheap.

What will you spend your extra money on if you get a great foreclosure deal? Here are some ideas:

• Pay off some debt
• Take a vacation
• Renovate that house and make it worth even more money so its value appreciates quickly
• Buy two houses!

Foreclosure listings are readily available online to help you find a long list of discounted homes. Some require TLC but most times the homes are in great condition and ready to either move into or to flip and make a profit with.