I am working with several first time home buyers who insist on a foreclosure. They are under the misconception that this is the bargain property. Many others are watching the late night tv gurus. We are experiencing some foreclosed homes with multiple bid/offers and therefore higher prices. The sad part is just around the corner there is a home for sale that is not a foreclosure, priced right, move-in ready, and no one is looking. That home is priced $25,000+ or at least 30% from what the peak of the market price was. They are in good condition, and should be considered - especially by a first time home buyer. Not all, but many of the foreclosures I see need to be inspected very thoroughly for damage, deferred maintenance, totally relandscaped, and often repaired extensively. Add up those things and compare the cost and time, and foreclosures are not the bargain. The bargain is the home that is listed for sale by the caring homeowner who just needs to move (Lemoore is a town with lots of people who move often because many of the residents are in the Navy). You need to be assisted by a good Realtor who will take the time and patience to show you what's available, and to put you in touch with a good mortgage agent, who knows which home buyer program is available, and what would be best for you, and you will then be prepared and ready "to go find your home".