No it's not crazy, but you will probably be more successful with bank owned properties vs. pre-foreclosures. Has anyone explained the difference? Usually a preforeclosure will result in a "short sale" and that means that the seller owes more on the house than what the market value is. The bank needs to approve the short sale, and this process takes time. With an already foreclosed house, the bank now owns the property and doesn't want to be in the business owning homes as Liz mentions. Each situation is different, and every bank handles these sales differently. I recommend having a good buyers agent to assist you in crafting an offer that makes sense to you and hopefully will result in the bank approving the sale. Feel free to contact me if you would like additional information or assistance.
Good Luck! Jodie
take a look at my answers here