There are many factors that have to be examined to determine if a foreclosure is a good buy. Best to get Professional help from a experienced Realtor who has the tools to help you in this process.
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and sometimes, not even the Buyer:
You are buying a "distressed" property; sometimes physically distressed, always emotionally desressed.
There are very few Shortsales or REO's that do not some repairs and/or updating: So, buying a foreclosure is not always the pot-of-gold that some people purport them to be.
If you buy at a $30,000 discount, have to put $20,000 into it and have to wait 2-3 months to get it; how much have you "made out"?