You got your answers below from the other agents, as a home buyer I strongly suggest to you to work with a Buyers Agent, i.e. a Realtor who works for you on your behalf, finding the right properties for you, making sure you are pre-approved, make appointments, accompany viewings with their added expertise, pointing out the good the bad and the ugly of a property, and being able to find out where the standing of a for sale property is....
pre-foreclosure, foreclosure, short sale, short sale approved etc. etc.
I recommend strongly not to do this on your own, especially since it seems you may look at foreclosure to get
a good deal. And just a word of caution, some may be good deals and others may not, just because it is
a foreclosure or will be one, does not yet make it so, but could be, therefore get a professional local Realtor
involved, and make sure you do have an inspection, in some cases depending on the inspection results you
may need other professionals building specialists etc. to double check certain conditions of the home...
Just be careful! And take it one step at a time and make sure you protect yourself....
Good Luck to you...
Edith YourRealtor4Life! and Chicago and Northern Illinois Expert (incl. the upscale North Shore)
Working always in the very BEST interest of her clients, buyers, sellers and investors alike.
Edith Always goes the X-tra Mile with a Smile for her clients! & Edith Loves Referrals
To get to know Edith as a person and on add. pages on her website learn about how the
expertise and services of a Realtor are helpful ... go to http://www.tinyurl.com/MeetEdithHere