As people become accustomed to the presence of foreclosed homes on the Multiple Listing Service, they are getting more confident about negotiating the red tape to make offers on them. It helps that brokers are also becoming more savvy about the process involved in buying foreclosed homes — some have even made this area their specialty, a clever way to take advantage of the fall-out from the economic meltdown.

It seems the younger crowd, and particularly those who are currently renting, are more likely to buy foreclosed homes, according to a new survey from Trulia.com and RealtyTrac.

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