Source: Eileen AJ Connelly - Associated Press

It sounds like the premise for a new reality TV series: "Hurricane House" — people scouring waterside communities looking to buy homes damaged by Superstorm Sandy at a deep discount.

While there are bargains out there, ranging from 10 percent off pre-storm prices for upscale homes on New York's Long Island and the Jersey Shore to as much as 60 percent off modest bungalows Staten Island and Queens, it's still very much a game of buyer beware.

Read Full Article: Sandy-damaged homes hit market at bargain prices