Hi Ann, It is true that Most foreclosure properties do require at least $500.00 for a Good Faith check and I have often seen a min. of $1,000. It is very rare to get a appraisal done before you have made a offer, most buyers wait untill the offer is accepted becouse you could be out the $300.00 if the Bank accepts another buyers offer. I usually pull up all the comparable homes for my buyers, that are in the neighborhood of the home that they are most interested in to get a good idea of the home's value and another thing that I do is look up the Tax Value. I hope that you get the home that you want and it turns out well for you, Angie Adair - Thu Apr 16 2009, 21:49