You probably heard the term foreclosure many times during the last couple of years. You might have been wondering when a foreclosure occurs. To put it in a few simple words, a foreclosure occurs when a homeowner is no longer able to make the payments on his mortgage. Unfortunately, this situation happens to more and more people in the United States. On the other hand, Columbus Foreclosed Homes are cheaper for those who would like to buy them. After a person is no longer to pay his mortgage, the lender has the right to seize his property. What is more, the lender has the right to sell this property. This is one of the reasons you might see so many houses for sale at attractive prices these days. When it comes to Government Homes For Sale, they are usually cheaper than other houses you can find on the market. The reason government homes for sale can be cheaper is that the government is motivated to sell those homes as quickly as possible. This is why foreclosed homes can be an excellent bargain. If you would like to visit a website listing foreclosed homes that is easy to navigate and contains many pictures, I recommend that you visit ForeclosurePatch.com.