Another thing to remember is just because a property is a SS or foreclosure doesn't mean that it's list price is inflated. Most often the list price is VERY close to what the bank has agreed to take for the property. Again, don't waste everyone's time going in with a low ball offer.
Also, ALL SS's and foreclosures are AS IS sales....have an inspection but don't expect the seller, the bank, or anyone to make any repairs. It just won't happen. You need to know what you are getting but unless something pops up on inspection that would make the home uninhabitable you will be responsible for any repairs.
However she gave a very good description of how a SS process should/could go. Best of luck! My advise, if you can wait out for a deal, a SS may be the best thing to be looking at now.