You may think that foreclosures don't affect you, but the housing crisis could directly effect your home's value. There are 2,000 homes that have been foreclosed on in Butler County over the last three years.
In Butler County, there 2000 homes that have bee foreclosed on over the last 3 years.
At a sheriff's foreclosure sale for a house in Liberty Township's Falling Waters neighborhood, $230,000 is where the bidding will start.The home's appraised value is $345,000.
People who live in the neighborhood say it's not just homes in foreclosure that are going for less than the original purchase price.