Not all foreclosures are great deals so make sure you do your homework. You'll want to make sure you research all current and past sales so you don't overpay. A qualified Realtor can do this for you.

I agree with everything else Harold said except that you need a PREAPPROVAL letter (not a prequalified letter) from the bank. There's a big difference between the two. Because of the credit crisis banks require you to go through a full-blown credit approval before they'll even look at your offer, unless you're paying cash. Even then you'll have to show proof of your bank funds.

Here's more information about Clovis foreclosures: http://clovisexperts.com/category/clovis-homes/clovis-forecl…

Best wishes,

Dr. John McMillen | Clovis Real Estate

There shouldn't be an issue with title. The bank has transferred the title in their name and will then transfer it into yours.

The first step for preparing to buy a foreclosure is to be prequalified with a lender. Banks will not accept offers from buyers that do not have a prequalification letter. In some cases, the bank will require a letter from a certain lending company even if you already have one from another lender.

Once you have a letter, you find a home you like (a realtor can search available homes for you) and then the realtor places an offer for you. There may be a multiple offer situation where you respond with your highest and best offer and then the bank chooses one. If you would like more information regarding the pros and cons of buying foreclosures in Fresno, California, feel free to visit my website at http://www.homesinfresno.com/buying-foreclosures.asp