Newly Owned or Recently Owned?

With all the financial and economic crisis going on in the western world and from what I can recall, housing and foreclosures have been in the news a lot lately. This is happening not just on the previously big ones but to small ones as well. Look at MJ, I happened to see the latest pictures of Neverland - it looks like one of those properties from Outer Banks foreclosures in NC. The place is all messed up and abandoned. I bet these foreclosed properties sell cheaper, but in my opinion, I think its better to get a brand new property than dwell on an recently forclosed property.