When banks take over ownership of foreclosed properties and put them on the market, it's usually at a price under its market value. And there is no shortage of foreclosures on the market in Mass., as deeds to foreclose have risen 72 percent so far this year, according to The Warren Group.

But is buying a foreclosure worth the potential hassles? Take a look at some bank-owned homes in Massachusetts for under $200,000 and decide for yourself whether these homes are deals -- or disasters.