In today's market, foreclosures are not the only bargains. If I were you, I would look at all the houses in your price range. I have shown Levittown homes that were in foreclosure and not in foreclosure. The foreclosures have taken the price of all the homes down. The amount of equity an owner has or doesn't have should not be a factor. There are lots of good and bad homes in both categories.
Are you looking for a bargain, a deal, an investment, or a place to live that meets you needs that is in your price range. an experienced agent who knows the neighborhoods can help you find a home that can satisfy all these requirements.
My advise to you is, "Hire a Pro." The great thing for you is it won't cost you to a cent to use a professional realtor to help you find a home.
John Chaump, Realtor and Levittown resident