Rzuly, These days many of the foreclosed homes are not worth looking at because they were purchased at the very height of the market and the bank is owed much more money than the house is worth. Much depends on why you are looking to purchase. Is it a residence for you and your family, buy and flip, or income producing? Any of these three will have a slightly different approach. If I can assist you with answering any questions, please contact me.

Ralph Windschuh
Certified Buyer Representative
Associate Broker
Century 21 Princeton Properties
631-467-0009
rwindschuh@c21princetonproperties.com

Rzuly,

The Banks and the Gov. have created sites to provide the public with access to their properties for sale listings..(REO/Foreclosures) and information on the Bid/Purchase process. I would suggest looking at the info provided to help you have questions to ask during the agent interview process. You are hiring the services of someone to assist you in a large financial commitment and the process of that selection deserves your time and effort in becoming informed.



Sites like.... http://www.wamuproperties.com/ .... http://www.hud.gov/homes/index.cfm

https://www.citimortgage.com/Mortgage/Oreo/SearchListing.do ... http://www.homepath.com/

The links to these Bank and Gov. sites can be found here.... http://www.mortgagenewsdaily.com/wiki/REO_Database_List.asp .. http://www.biggerpockets.com/bank-reo.html

I would also like to suggest you read this Blog put together by Rockinblu (another member of Trulia) as I believe it contains excellent advice about selecting an agent.
http://www.trulia.com/blog/rockinblu/2008/12/i_ve_got_my_fin…

Best of luck, Dunes